Schonfeld Strategic Advisors LLC Raises Position in JetBlue Airways Co. (NASDAQ:JBLU)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of JetBlue Airways by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company's stock worth $254,749,000 after purchasing an additional 121,267 shares during the last quarter. FMR LLC boosted its stake in JetBlue Airways by 14,595.7% during the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock worth $130,470,000 after acquiring an additional 16,486,326 shares during the last quarter. American Century Companies Inc. grew its holdings in JetBlue Airways by 8.4% during the fourth quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company's stock valued at $68,948,000 after purchasing an additional 678,891 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in JetBlue Airways by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company's stock worth $52,864,000 after purchasing an additional 1,063,929 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock worth $36,170,000 after purchasing an additional 2,584,350 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Analysts Set New Price Targets

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

JetBlue Airways Trading Down 0.2 %

Shares of JBLU traded down $0.01 during mid-day trading on Friday, hitting $4.78. 10,737,783 shares of the company's stock traded hands, compared to its average volume of 19,437,402. The business's 50-day moving average price is $4.69 and its 200-day moving average price is $6.13. The firm has a market capitalization of $1.69 billion, a P/E ratio of -2.04 and a beta of 1.79. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 1 year low of $3.34 and a 1 year high of $8.31.

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

Insider Buying and Selling at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at $313,747.50. This represents a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.18% of the company's stock.

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.