Schonfeld Strategic Advisors LLC Has $3.69 Million Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Schonfeld Strategic Advisors LLC raised its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 469,303 shares of the transportation company's stock after acquiring an additional 58,289 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.14% of JetBlue Airways worth $3,689,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways during the fourth quarter worth approximately $40,000. Bogart Wealth LLC raised its stake in shares of JetBlue Airways by 67.8% in 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 in the 4th quarter worth approximately $58,000. Finally, GAMMA Investing LLC grew its position in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after acquiring an additional 3,857 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Trading Up 1.5 %

JBLU traded up $0.07 during midday trading on Wednesday, reaching $4.47. 22,954,352 shares of the company were exchanged, compared to its average volume of 19,311,621. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a market capitalization of $1.58 billion, a P/E ratio of -1.91 and a beta of 1.79. The stock's 50-day simple moving average is $4.77 and its 200 day simple moving average is $6.16. 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 posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted ($0.43) earnings per share. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares of the company's stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.18% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on JBLU. UBS Group reduced their price objective on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and lowered their price objective for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Bank of America reduced their target price on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Citigroup raised their price target on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday. Finally, Susquehanna lowered their target price on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.16.

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.