JetBlue (JBLU) EVP James G. Hnat Sells 16,805 Shares of Stock

JetBlue (NASDAQ:JBLU) EVP James G. Hnat sold 16,805 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $18.62, for a total value of $312,909.10. Following the completion of the sale, the executive vice president now directly owns 9,437 shares in the company, valued at $175,716.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

JetBlue traded up $0.37, hitting $19.41, during midday trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 6,609,523 shares, compared to its average volume of 4,403,265. The stock has a market capitalization of $6.03 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.59 and a beta of 0.57. JetBlue has a 12 month low of $18.05 and a 12 month high of $24.13. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19.

JetBlue (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. JetBlue had a return on equity of 13.10% and a net margin of 16.05%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. research analysts predict that JetBlue will post 1.81 earnings per share for the current year.



A number of analysts have recently commented on the company. ValuEngine raised JetBlue from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. JPMorgan Chase & Co. cut JetBlue from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research report on Monday, April 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $21.00 price objective on shares of JetBlue in a research report on Wednesday, April 25th. Stephens reaffirmed a “hold” rating and issued a $23.00 price objective on shares of JetBlue in a research report on Tuesday, April 17th. Finally, Morgan Stanley upped their price objective on JetBlue from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. JetBlue presently has a consensus rating of “Hold” and a consensus price target of $24.09.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC lifted its holdings in shares of JetBlue by 178.8% during the 1st quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock valued at $117,000 after buying an additional 3,707 shares during the period. Focused Wealth Management Inc bought a new position in shares of JetBlue during the 4th quarter valued at $189,000. First Dallas Securities Inc. bought a new position in shares of JetBlue during the 4th quarter valued at $201,000. Unison Advisors LLC bought a new position in shares of JetBlue during the 4th quarter valued at $290,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of JetBlue by 60.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 13,622 shares of the transportation company’s stock valued at $277,000 after buying an additional 5,146 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

About JetBlue

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Insider Buying and Selling by Quarter for JetBlue (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply