Lucus Advisors LLC lowered its stake in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 15.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,893 shares of the company’s stock after selling 3,730 shares during the period. Lucus Advisors LLC’s holdings in JetBlue Airways Corp. were worth $346,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in JBLU. State Street Corp raised its stake in JetBlue Airways Corp. by 3.3% in the first quarter. State Street Corp now owns 8,429,760 shares of the company’s stock valued at $178,037,000 after buying an additional 271,565 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of JetBlue Airways Corp. by 21.9% in the first quarter. Renaissance Technologies LLC now owns 5,542,500 shares of the company’s stock worth $117,058,000 after buying an additional 994,100 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of JetBlue Airways Corp. by 0.3% in the first quarter. Wellington Management Group LLP now owns 5,007,499 shares of the company’s stock worth $105,758,000 after buying an additional 14,295 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of JetBlue Airways Corp. during the second quarter worth about $51,541,000. Finally, American Century Companies Inc. raised its stake in shares of JetBlue Airways Corp. by 52.8% in the second quarter. American Century Companies Inc. now owns 2,633,712 shares of the company’s stock worth $43,614,000 after buying an additional 909,876 shares during the last quarter. 79.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded up 0.52% during midday trading on Friday, reaching $17.24. 6,415,836 shares of the company were exchanged. The company has a market capitalization of $5.58 billion, a PE ratio of 7.66 and a beta of 0.44. The stock’s 50-day moving average price is $16.68 and its 200-day moving average price is $18.07. JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.09.
JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. JetBlue Airways Corp.’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Analysts anticipate that JetBlue Airways Corp. will post $2.19 EPS for the current year.
JBLU has been the topic of a number of research analyst reports. Zacks Investment Research lowered JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 16th. JPMorgan Chase & Co. cut their target price on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Vetr raised JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $20.58 target price on the stock in a research report on Wednesday, July 20th. Cowen and Company reissued a “buy” rating and issued a $23.00 target price on shares of JetBlue Airways Corp. in a research report on Monday, June 13th. Finally, Raymond James Financial Inc. reissued an “outperform” rating on shares of JetBlue Airways Corp. in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.96.
In other JetBlue Airways Corp. news, EVP James G. Hnat sold 10,000 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $17.27, for a total transaction of $172,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.27, for a total transaction of $93,542.40. Following the transaction, the director now directly owns 604,893 shares in the company, valued at approximately $11,051,395.11. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
About JetBlue Airways Corp.
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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