27,380 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,380 shares of the transportation company’s stock, valued at approximately $152,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its position in JetBlue Airways by 27.4% during the third quarter. Barclays PLC now owns 424,972 shares of the transportation company’s stock worth $1,955,000 after purchasing an additional 91,403 shares during the last quarter. AQR Capital Management LLC boosted its stake in JetBlue Airways by 136.3% during the third quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock worth $11,412,000 after buying an additional 1,431,113 shares during the period. U S Global Investors Inc. boosted its stake in JetBlue Airways by 12.4% during the third quarter. U S Global Investors Inc. now owns 7,877,417 shares of the transportation company’s stock worth $36,236,000 after buying an additional 866,863 shares during the period. Citigroup Inc. boosted its stake in JetBlue Airways by 9.4% during the third quarter. Citigroup Inc. now owns 377,628 shares of the transportation company’s stock worth $1,737,000 after buying an additional 32,516 shares during the period. Finally, Quantbot Technologies LP boosted its stake in JetBlue Airways by 173.7% during the third quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company’s stock worth $749,000 after buying an additional 103,384 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $7.11 on Friday. JetBlue Airways Co. has a 52-week low of $3.42 and a 52-week high of $9.45. The company has a 50 day moving average of $6.94 and a 200 day moving average of $5.61. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, research analysts predict that JetBlue Airways Co. will post -0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bank of America lowered shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Evercore ISI increased their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised shares of JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Thursday. Barclays started coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price for the company. Finally, Susquehanna raised their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus target price of $5.86.

JetBlue Airways Company 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.