JetBlue Airways Co. (NASDAQ:JBLU) saw a significant growth in short interest in March. As of March 29th, there was short interest totalling 16,444,554 shares, a growth of 23.9% from the March 15th total of 13,272,997 shares. Based on an average daily trading volume, of 5,665,352 shares, the short-interest ratio is presently 2.9 days. Currently, 5.1% of the company’s stock are sold short.
Several equities analysts have issued reports on the stock. Cowen reaffirmed a “market perform” rating and issued a $22.00 price target (down from $23.00) on shares of JetBlue Airways in a report on Wednesday. Morgan Stanley cut their price target on shares of JetBlue Airways from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday. ValuEngine lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub lowered shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price target (up from $20.00) on shares of JetBlue Airways in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $24.56.
Shares of JetBlue Airways stock opened at $19.55 on Friday. The stock has a market capitalization of $6,148.13, a price-to-earnings ratio of 11.43, a PEG ratio of 0.56 and a beta of 0.55. JetBlue Airways has a fifty-two week low of $18.05 and a fifty-two week high of $24.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.50 and a quick ratio of 0.48.
In other JetBlue Airways news, EVP George Martin J. St sold 3,000 shares of JetBlue Airways stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.00, for a total value of $69,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $20.32, for a total transaction of $40,640.00. Following the completion of the transaction, the chief executive officer now directly owns 426,069 shares in the company, valued at $8,657,722.08. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock worth $365,420 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Focused Wealth Management Inc acquired a new position in shares of JetBlue Airways during the 4th quarter worth about $189,000. First Dallas Securities Inc. acquired a new position in shares of JetBlue Airways during the 4th quarter worth about $201,000. Cetera Advisors LLC acquired a new position in shares of JetBlue Airways during the 3rd quarter worth about $199,000. Unison Advisors LLC acquired a new position in shares of JetBlue Airways during the 4th quarter worth about $290,000. Finally, BB&T Securities LLC raised its position in shares of JetBlue Airways by 19.1% during the 4th quarter. BB&T Securities LLC now owns 16,337 shares of the transportation company’s stock worth $364,000 after purchasing an additional 2,623 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.
About JetBlue Airways
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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