JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the completion of the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at $571,304.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of JetBlue Airways Corporation (JBLU) traded up 1.36% during mid-day trading on Friday, reaching $22.43. The company had a trading volume of 2,900,529 shares. The firm’s 50-day moving average is $22.85 and its 200 day moving average is $21.39. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 11.39 and a beta of 0.53. JetBlue Airways Corporation has a 12 month low of $15.70 and a 12 month high of $24.13.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. JetBlue Airways Corporation’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts predict that JetBlue Airways Corporation will post $2.03 earnings per share for the current year.
Several research analysts have weighed in on the company. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 target price on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Imperial Capital reaffirmed an “outperform” rating on shares of JetBlue Airways Corporation in a research report on Friday, May 19th. Morgan Stanley reaffirmed an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday, July 14th. Finally, Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $24.00 in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. JetBlue Airways Corporation has an average rating of “Hold” and an average price target of $25.69.
Hedge funds have recently added to or reduced their stakes in the stock. Boston Advisors LLC bought a new stake in JetBlue Airways Corporation during the first quarter worth about $348,000. Smith Graham & Co. Investment Advisors LP increased its stake in JetBlue Airways Corporation by 5.5% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 329,800 shares of the transportation company’s stock worth $6,797,000 after buying an additional 17,140 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in JetBlue Airways Corporation by 15.7% in the first quarter. Palisade Capital Management LLC NJ now owns 29,500 shares of the transportation company’s stock worth $608,000 after buying an additional 4,000 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in JetBlue Airways Corporation by 15.2% in the first quarter. Gateway Investment Advisers LLC now owns 252,703 shares of the transportation company’s stock worth $5,208,000 after buying an additional 33,274 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in JetBlue Airways Corporation by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 85,100 shares of the transportation company’s stock worth $1,754,000 after buying an additional 5,100 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.
JetBlue Airways Corporation Company 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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