JetBlue Airways Corporation $JBLU Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 235.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,246,200 shares of the transportation company’s stock after acquiring an additional 1,577,500 shares during the period. Renaissance Technologies LLC’s holdings in JetBlue Airways were worth $9,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its stake in JetBlue Airways by 157.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after buying an additional 3,373 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in JetBlue Airways in the fourth quarter valued at $30,000. Leonteq Securities AG bought a new stake in JetBlue Airways in the fourth quarter valued at $32,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of JetBlue Airways during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on JBLU shares. Susquehanna upped their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group boosted their target price on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research note on Thursday, July 2nd. Raymond James Financial restated an “underperform” rating on shares of JetBlue Airways in a research report on Monday, July 6th. UBS Group raised their price target on shares of JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Tuesday, June 23rd. Finally, Seaport Research Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $5.54.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU opened at $6.03 on Monday. The stock has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $5.19. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market cap of $2.28 billion, a P/E ratio of -2.52 and a beta of 1.74. JetBlue Airways Corporation has a 1 year low of $3.87 and a 1 year high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.03. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the firm earned ($0.21) EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts forecast that JetBlue Airways Corporation will post -2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Vivek Sharma sold 32,000 shares of JetBlue Airways stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the transaction, the director directly owned 35,479 shares of the company’s stock, valued at $191,941.39. The trade was a 47.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.41% of the stock is owned by corporate insiders.

About JetBlue Airways

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.