Northern Trust Corp Increases Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Northern Trust Corp raised its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,209,254 shares of the transportation company's stock after purchasing an additional 270,002 shares during the quarter. Northern Trust Corp owned 0.93% of JetBlue Airways worth $25,225,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JBLU. Blue Trust Inc. raised its holdings in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways in the 4th quarter valued at approximately $40,000. Bogart Wealth LLC raised its stake in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after acquiring an additional 2,850 shares during the last quarter. R Squared Ltd acquired a new position in shares of JetBlue Airways during the fourth quarter worth $58,000. Finally, GAMMA Investing LLC lifted its holdings in shares of JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after purchasing an additional 3,857 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.18% of the company's stock.

JetBlue Airways Stock Up 0.5%

Shares of JBLU stock traded up $0.03 on Friday, reaching $4.95. 5,923,793 shares of the company were exchanged, compared to its average volume of 19,810,158. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The company has a 50-day moving average of $4.58 and a 200-day moving average of $6.05. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -2.12 and a beta of 1.79. JetBlue Airways Co. has a one year low of $3.34 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the firm posted ($0.43) earnings per share. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Analyst Ratings Changes

JBLU has been the topic of several analyst reports. StockNews.com upgraded JetBlue Airways to a "sell" rating in a report on Thursday. UBS Group reduced their price objective on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Susquehanna decreased their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Citigroup boosted their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Seaport Res Ptn cut shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $5.16.

About JetBlue Airways

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.