JetBlue Airways Corporation $JBLU is U S Global Investors Inc.’s 9th Largest Position

U S Global Investors Inc. boosted its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 4.9% in the 4th quarter, Holdings Channel reports. The fund owned 4,728,754 shares of the transportation company’s stock after buying an additional 219,622 shares during the period. JetBlue Airways makes up 2.3% of U S Global Investors Inc.’s investment portfolio, making the stock its 9th largest position. U S Global Investors Inc.’s holdings in JetBlue Airways were worth $21,516,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JBLU. AQR Capital Management LLC raised its position in JetBlue Airways by 131.2% during the first quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after acquiring an additional 51,377 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in JetBlue Airways by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after acquiring an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. raised its position in JetBlue Airways by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after acquiring an additional 274,892 shares in the last quarter. United Services Automobile Association purchased a new position in JetBlue Airways during the first quarter valued at approximately $106,000. Finally, Cetera Investment Advisers raised its position in JetBlue Airways by 10.7% during the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,954 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JBLU shares. Seaport Research Partners upgraded JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Thursday, April 16th. Citigroup cut their price objective on JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a research report on Friday, March 20th. Evercore boosted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Tuesday. Finally, The Goldman Sachs Group cut their price objective on JetBlue Airways from $4.00 to $3.50 and set a “sell” rating for the company in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Reduce” and a consensus price target of $4.88.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.25 on Friday. The stock’s fifty day moving average is $4.96 and its two-hundred day moving average is $4.85. The firm has a market capitalization of $1.95 billion, a P/E ratio of -3.14 and a beta of 1.75. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.69 and a current ratio of 0.74. JetBlue Airways Corporation has a fifty-two week low of $3.76 and a fifty-two week high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted ($0.21) EPS. On average, research analysts anticipate that JetBlue Airways Corporation will post -2.37 earnings per share for the current year.

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.