JetBlue Airways Co. (JBLU) Short Interest Update

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.



JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. sell-side analysts predict that JetBlue Airways will post 1.93 earnings per share for the current year.

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.

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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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