46,755 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the third quarter, Holdings Channel reports. The fund acquired 46,755 shares of the transportation company’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC raised its holdings in JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways in the 2nd quarter worth about $34,000. Point72 DIFC Ltd bought a new position in JetBlue Airways in the 2nd quarter valued at about $48,000. Finally, Glenmede Trust Co. NA acquired a new position in JetBlue Airways during the 3rd quarter valued at about $66,000. Institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JBLU. Evercore ISI increased their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Citigroup increased their price target on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Susquehanna boosted their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.57.

JetBlue Airways Trading Up 0.1 %

Shares of JetBlue Airways stock opened at $7.05 on Tuesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The stock has a market capitalization of $2.45 billion, a P/E ratio of -2.80 and a beta of 1.92. JetBlue Airways Co. has a 52-week low of $4.49 and a 52-week high of $8.07. The stock’s 50-day simple moving average is $6.59 and its 200 day simple moving average is $6.00.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the firm posted ($0.39) EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts anticipate that JetBlue Airways Co. will post -0.89 EPS for the current year.

About JetBlue Airways

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.