Blueshift Asset Management LLC Takes Position in JetBlue Airways Co. (NASDAQ:JBLU)

Blueshift Asset Management LLC acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,916 shares of the transportation company’s stock, valued at approximately $91,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new stake in JetBlue Airways during the 2nd quarter worth approximately $27,000. Bogart Wealth LLC boosted its holdings in JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the 3rd quarter worth $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in JetBlue Airways during the 2nd quarter worth about $34,000. Finally, GAMMA Investing LLC grew its position in shares of JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after buying an additional 2,993 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Stock Up 0.2 %

JBLU opened at $5.97 on Friday. JetBlue Airways Co. has a 12 month low of $4.33 and a 12 month high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The stock has a market cap of $2.07 billion, a P/E ratio of -2.37 and a beta of 1.92. The stock’s 50 day moving average price is $6.53 and its 200 day moving average price is $5.93.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.39) earnings per share. As a group, research analysts predict that JetBlue Airways Co. will post -0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. UBS Group reissued a “sell” rating and issued a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Citigroup boosted their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and an average target price of $6.43.

JetBlue Airways 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.