Donald Smith & CO. Inc. Increases Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Donald Smith & CO. Inc. raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 12.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,450,690 shares of the transportation company's stock after purchasing an additional 1,354,786 shares during the quarter. JetBlue Airways makes up approximately 1.8% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 23rd largest holding. Donald Smith & CO. Inc. owned approximately 3.74% of JetBlue Airways worth $69,101,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Performa Ltd US LLC lifted its stake 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 valued at $26,000 after purchasing an additional 2,800 shares during the period. Signaturefd LLC increased its holdings in JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company's stock worth $30,000 after purchasing an additional 2,751 shares in the last quarter. Versant Capital Management Inc lifted its stake in JetBlue Airways by 41.3% in the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company's stock valued at $35,000 after buying an additional 1,861 shares during the period. EP Wealth Advisors LLC bought a new position in shares of JetBlue Airways during the 3rd quarter worth approximately $47,000. Finally, Merit Financial Group LLC acquired a new stake in shares of JetBlue Airways during the 3rd quarter worth approximately $48,000. Institutional investors own 83.71% of the company's stock.

JetBlue Airways Stock Up 2.1 %

Shares of NASDAQ:JBLU traded up $0.12 during mid-day trading on Monday, hitting $5.90. 10,770,540 shares of the company traded hands, compared to its average volume of 16,810,557. The stock has a 50-day moving average price of $6.84 and a two-hundred day moving average price of $5.68. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $9.45. The stock has a market cap of $2.01 billion, a P/E ratio of -2.39 and a beta of 1.86. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.78.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm earned ($0.34) EPS. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that JetBlue Airways Co. will post -1.01 earnings per share for the current year.

Analyst Ratings Changes

JBLU has been the topic of a number of research reports. Barclays initiated coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They set an "underweight" rating and a $6.00 target price on the stock. Susquehanna upped their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a "neutral" rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on JetBlue Airways from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, April 24th. TD Cowen dropped their price target on JetBlue Airways from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a "hold" rating to a "buy" rating and raised their price objective for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.78.

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.