JetBlue Airways Co. (NASDAQ:JBLU) Stock Position Raised by U S Global Investors Inc.

U S Global Investors Inc. boosted its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,781,327 shares of the transportation company's stock after purchasing an additional 1,903,910 shares during the period. JetBlue Airways comprises approximately 3.7% of U S Global Investors Inc.'s investment portfolio, making the stock its 6th biggest position. U S Global Investors Inc. owned 2.93% of JetBlue Airways worth $54,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBLU. Global Retirement Partners LLC lifted its stake in shares of JetBlue Airways by 16.7% in the 4th quarter. Global Retirement Partners LLC now owns 52,330 shares of the transportation company's stock valued at $268,000 after acquiring an additional 7,500 shares during the last quarter. PFG Investments LLC bought a new position in shares of JetBlue Airways in the 4th quarter valued at $65,000. Smith Anglin Financial LLC bought a new position in shares of JetBlue Airways in the 4th quarter valued at $122,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of JetBlue Airways by 6.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 200,298 shares of the transportation company's stock valued at $1,112,000 after acquiring an additional 12,568 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its stake in shares of JetBlue Airways by 31.6% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 80,500 shares of the transportation company's stock valued at $447,000 after acquiring an additional 19,348 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JBLU. Evercore ISI raised their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an "in-line" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a "hold" rating to a "buy" rating and raised their target price for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. UBS Group began coverage on JetBlue Airways in a research report on Wednesday, March 20th. They set a "sell" rating and a $5.00 target price for the company. Bank of America lowered JetBlue Airways from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $6.00 to $3.00 in a research report on Tuesday, January 9th. Finally, Barclays began coverage on JetBlue Airways in a research report on Wednesday, March 27th. They set an "underweight" rating and a $6.00 target price for the company. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.53.

JetBlue Airways Stock Down 0.9 %

Shares of JBLU traded down $0.06 during trading hours on Thursday, hitting $6.79. The stock had a trading volume of 12,979,420 shares, compared to its average volume of 17,254,822. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $6.66 and a 200-day simple moving average of $5.43. The firm has a market capitalization of $2.30 billion, a P/E ratio of -7.22 and a beta of 1.86. JetBlue Airways Co. has a 1-year low of $3.42 and a 1-year high of $9.45.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.10. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. Sell-side analysts predict that JetBlue Airways Co. will post -0.71 EPS for the current fiscal year.

JetBlue Airways Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.