Usca Ria LLC raised its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,375 shares of the transportation company’s stock after buying an additional 2,375 shares during the period. Usca Ria LLC’s holdings in JetBlue Airways Corporation were worth $1,013,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in JetBlue Airways Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock valued at $596,262,000 after buying an additional 2,085,912 shares in the last quarter. BlackRock Inc. raised its stake in JetBlue Airways Corporation by 13,299.6% in the first quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock valued at $564,889,000 after buying an additional 27,203,916 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in JetBlue Airways Corporation by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company’s stock valued at $222,704,000 after buying an additional 2,632,973 shares in the last quarter. State Street Corp raised its stake in JetBlue Airways Corporation by 2.6% in the first quarter. State Street Corp now owns 8,284,830 shares of the transportation company’s stock valued at $170,755,000 after buying an additional 212,600 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in JetBlue Airways Corporation by 4.9% in the first quarter. Wellington Management Group LLP now owns 7,306,920 shares of the transportation company’s stock valued at $150,595,000 after buying an additional 344,557 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.
JetBlue Airways Corporation (NASDAQ:JBLU) opened at 19.85 on Friday. The stock has a market cap of $6.53 billion, a P/E ratio of 10.08 and a beta of 0.53. JetBlue Airways Corporation has a 1-year low of $15.70 and a 1-year high of $24.13. The firm’s 50-day moving average is $22.02 and its 200-day moving average is $21.45.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that JetBlue Airways Corporation will post $2.02 EPS for the current year.
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Several equities analysts recently issued reports on JBLU shares. Bank of America Corporation upped their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Buckingham Research downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $24.00 in a research note on Wednesday, July 26th. BidaskClub downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Cowen and Company upped their price objective on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Finally, Vetr downgraded shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $25.22 price objective on the stock. in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.60.
In other news, EVP George Martin J. St sold 2,500 shares of JetBlue Airways Corporation stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the completion of the sale, the executive vice president now owns 28,457 shares of the company’s stock, valued at $654,511. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James G. Hnat sold 5,000 shares of JetBlue Airways Corporation stock in a transaction on Monday, June 12th. The stock was sold at an average price of $22.77, for a total value of $113,850.00. Following the sale, the executive vice president now directly owns 31,764 shares of the company’s stock, valued at approximately $723,266.28. The disclosure for this sale can be found here. Insiders have sold a total of 28,740 shares of company stock valued at $646,976 in the last ninety days. Insiders own 0.60% of the company’s stock.
About JetBlue Airways Corporation
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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