BlackRock Inc. cut its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,832,739 shares of the transportation company’s stock after selling 764,820 shares during the quarter. BlackRock Inc. owned approximately 0.08% of JetBlue Airways worth $577,103,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Frontier Capital Management Co. LLC raised its position in shares of JetBlue Airways by 47.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock valued at $118,251,000 after acquiring an additional 1,692,657 shares during the period. LSV Asset Management raised its position in shares of JetBlue Airways by 26.8% in the 4th quarter. LSV Asset Management now owns 5,431,735 shares of the transportation company’s stock valued at $121,344,000 after acquiring an additional 1,146,890 shares during the period. Disciplined Growth Investors Inc. MN raised its position in shares of JetBlue Airways by 22.7% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,860,896 shares of the transportation company’s stock valued at $90,072,000 after acquiring an additional 899,775 shares during the period. Systematic Financial Management LP raised its position in shares of JetBlue Airways by 208.3% in the 3rd quarter. Systematic Financial Management LP now owns 1,024,200 shares of the transportation company’s stock valued at $18,978,000 after acquiring an additional 691,975 shares during the period. Finally, Toronto Dominion Bank acquired a new stake in shares of JetBlue Airways in the 3rd quarter valued at approximately $9,264,000. Institutional investors own 93.01% of the company’s stock.
A number of analysts recently weighed in on JBLU shares. Stephens started coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price target on the stock. BidaskClub upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus restated a “hold” rating and set a $23.00 target price (up from $20.00) on shares of JetBlue Airways in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Cowen restated a “market perform” rating and set a $23.00 target price (down from $24.00) on shares of JetBlue Airways in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.32.
Shares of JetBlue Airways Co. (JBLU) opened at $21.35 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 0.50. The company has a market cap of $6,850.00, a P/E ratio of 12.20 and a beta of 0.59. JetBlue Airways Co. has a fifty-two week low of $18.05 and a fifty-two week high of $24.13.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Thursday, January 25th. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. equities analysts anticipate that JetBlue Airways Co. will post 1.91 earnings per share for the current fiscal year.
JetBlue Airways declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.
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JetBlue Airways Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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