The Manufacturers Life Insurance Company raised its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,721 shares of the transportation company’s stock after purchasing an additional 48,133 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in JetBlue Airways were worth $11,901,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of JBLU. Cubist Systematic Strategies LLC increased its stake in JetBlue Airways by 2.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 310 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of JetBlue Airways by 11.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,414 shares of the transportation company’s stock worth $329,000 after acquiring an additional 1,453 shares during the period. Fox Run Management L.L.C. increased its stake in shares of JetBlue Airways by 38.5% in the third quarter. Fox Run Management L.L.C. now owns 22,300 shares of the transportation company’s stock worth $413,000 after acquiring an additional 6,200 shares during the period. Boston Advisors LLC increased its stake in shares of JetBlue Airways by 16.6% in the third quarter. Boston Advisors LLC now owns 36,610 shares of the transportation company’s stock worth $678,000 after acquiring an additional 5,214 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of JetBlue Airways in the third quarter worth $658,000. Institutional investors and hedge funds own 93.01% of the company’s stock.
Shares of JetBlue Airways Co. (NASDAQ:JBLU) opened at $21.05 on Thursday. The company has a market cap of $6,871.70, a price-to-earnings ratio of 5.98, a P/E/G ratio of 0.67 and a beta of 0.59. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. JetBlue Airways Co. has a 52-week low of $18.05 and a 52-week high of $24.13.
JetBlue Airways declared that its board has initiated a stock buyback plan on Wednesday, December 13th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
JBLU has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Stephens initiated coverage on shares of JetBlue Airways in a research note on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price objective on the stock. ValuEngine upgraded shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 11th. Finally, Cowen reiterated a “market perform” rating and issued a $24.00 price objective (up previously from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.32.
In other JetBlue Airways news, EVP James G. Hnat sold 5,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $20.84, for a total transaction of $104,200.00. Following the transaction, the executive vice president now directly owns 9,555 shares of the company’s stock, valued at $199,126.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.38, for a total transaction of $42,760.00. Following the transaction, the chief executive officer now directly owns 398,535 shares in the company, valued at $8,520,678.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,545 shares of company stock worth $400,203. 0.60% of the stock is owned by company insiders.
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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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