Louisiana State Employees Retirement System Takes Position in JetBlue Airways Co. (NASDAQ:JBLU)

Louisiana State Employees Retirement System acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 166,800 shares of the transportation company's stock, valued at approximately $926,000. Louisiana State Employees Retirement System owned approximately 0.05% of JetBlue Airways at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Performa Ltd US LLC raised its position in shares of JetBlue Airways by 96.6% in the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company's stock worth $26,000 after acquiring an additional 2,800 shares in the last quarter. Versant Capital Management Inc raised its position in shares of JetBlue Airways by 41.3% in the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company's stock worth $35,000 after acquiring an additional 1,861 shares in the last quarter. Signaturefd LLC raised its position in shares of JetBlue Airways by 72.8% in the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company's stock worth $30,000 after acquiring an additional 2,751 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of JetBlue Airways in the 3rd quarter worth about $47,000. Finally, Merit Financial Group LLC bought a new stake in JetBlue Airways in the 3rd quarter valued at about $48,000. 83.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JBLU. Susquehanna boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Tuesday, April 9th. UBS Group began coverage on JetBlue Airways in a research report on Wednesday, March 20th. They issued 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 decreased their target price for the company from $6.00 to $3.00 in a research report on Tuesday, January 9th. TD Cowen decreased their target price on JetBlue Airways from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Evercore ISI boosted their target price on JetBlue Airways from $5.00 to $8.00 and gave the company an "in-line" rating in a research report on Thursday, April 4th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.78.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU traded up $0.06 during midday trading on Friday, reaching $5.78. The company's stock had a trading volume of 13,389,071 shares, compared to its average volume of 16,885,111. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $9.45. The firm has a 50 day moving average price of $6.86 and a 200-day moving average price of $5.66. The stock has a market capitalization of $1.97 billion, a P/E ratio of -2.34 and a beta of 1.86. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts' consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the business earned ($0.34) EPS. The company's revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts predict that JetBlue Airways Co. will post -0.72 earnings per share for the current year.

JetBlue Airways Company 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.