JetBlue Airways Corporation $JBLU Shares Purchased by U S Global Investors Inc.

U S Global Investors Inc. lifted its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,501,298 shares of the transportation company’s stock after purchasing an additional 505,067 shares during the period. JetBlue Airways comprises approximately 2.7% of U S Global Investors Inc.’s investment portfolio, making the stock its 9th largest holding. U S Global Investors Inc.’s holdings in JetBlue Airways were worth $27,500,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in shares of JetBlue Airways in the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in JetBlue Airways during the second quarter valued at about $27,000. Rockefeller Capital Management L.P. grew its position in JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after buying an additional 3,373 shares during the period. Essential Partners LLC increased its holdings in JetBlue Airways by 1,048.5% during the first quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock worth $32,000 after buying an additional 6,658 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in JetBlue Airways by 162.2% during the second quarter. EverSource Wealth Advisors LLC now owns 7,707 shares of the transportation company’s stock worth $44,000 after buying an additional 4,768 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Down 9.6%

Shares of JBLU opened at $2.65 on Friday. The stock’s fifty day moving average price is $4.26 and its two-hundred day moving average price is $4.96. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.63 and a current ratio of 0.70. JetBlue Airways Corporation has a 1 year low of $2.40 and a 1 year high of $6.62.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) EPS. As a group, equities research analysts anticipate that JetBlue Airways Corporation will post -2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial reaffirmed an “underperform” rating on shares of JetBlue Airways in a research report on Monday, July 6th. Susquehanna dropped their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Citigroup raised shares of JetBlue Airways from a “sell” rating to a “neutral” rating and reduced their target price for the company from $5.30 to $4.50 in a research report on Tuesday, October 6th. UBS Group upgraded shares of JetBlue Airways from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $4.00 to $3.50 in a research note on Monday. Finally, Wall Street Zen lowered shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Nine investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, JetBlue Airways currently has an average rating of “Reduce” and a consensus price target of $4.98.

Insiders Place Their Bets

In related news, CFO Ursula Hurley sold 77,253 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the sale, the chief financial officer directly owned 211,099 shares in the company, valued at approximately $1,215,930.24. The trade was a 26.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 83,253 shares of company stock valued at $474,477. Company insiders own 2.41% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.

JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.