1 week Ago By Defense World Staff
Geode Capital Management LLC reduced its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU – Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the SEC.
The fund owned 7,373,902 shares of the transportation company’s stock after selling 66,688 shares during the period. Geode Capital Management LLC owned about 2.13% of JetBlue Airways worth $57,972,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Entropy Technologies LP bought a new stake in shares of JetBlue Airways during the fourth quarter worth $787,000. Raymond James Financial Inc.
bought a new stake in JetBlue Airways during the 4th quarter valued at about $1,796,000. Intech Investment Management LLC boosted its position in JetBlue Airways by 71.7% in the 4th quarter.
Intech Investment Management LLC now owns 119,072 shares of the transportation company’s stock valued at $936,000 after buying an additional 49,712 shares during the period. New Age Alpha Advisors LLC bought a new position in JetBlue Airways in the 4th quarter worth about $432,000. Finally, Empowered Funds LLC increased its position in shares of JetBlue Airways by 8.
3% during the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock worth $10,977,000 after acquiring an additional 107,293 shares during the period. Hedge funds and other institutional investors own 83.
71% of the company’s stock. Insider Activity at JetBlue AirwaysIn other news, Director Nik Mittal bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $6.
14 per share, with a total value of $614,000.00. Following the transaction, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.
02. The trade was a 608.16 % increase in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 18th.
The stock was sold at an average price of $7.50, for a total value of $112,500.00.
Following the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.
39 % decrease in their position. The disclosure for this sale can be found here. 1.
18% of the stock is currently owned by insiders. Analyst Ratings ChangesSeveral research analysts recently issued reports on JBLU shares. Susquehanna dropped their price objective on JetBlue Airways from $6.
00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Barclays dropped their price target on JetBlue Airways from $7.
00 to $4.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th.
UBS Group dropped their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a report on Monday, April 7th.
Finally, Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th.
Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.17.
View Our Latest Stock Report on JetBlue AirwaysJetBlue Airways Price PerformanceShares of JBLU opened at $3.71 on Monday. The company has a 50 day moving average of $5.
71 and a two-hundred day moving average of $6.50. The company has a market cap of $1.
31 billion, a price-to-earnings ratio of -1.59 and a beta of 1.69.
The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.
08. JetBlue Airways Co. has a twelve month low of $3.
47 and a twelve month high of $8.31. JetBlue Airways (NASDAQ:JBLU – Get Free Report) last announced its earnings results on Tuesday, January 28th.
The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.
21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.
57%. During the same quarter in the prior year, the business posted ($0.19) EPS.
As a group, analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.
JetBlue Airways Profile (Free Report)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.
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