Eagle Asset Management Inc. trimmed its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,087,088 shares of the transportation company’s stock after selling 185,940 shares during the period. Eagle Asset Management Inc. owned 1.27% of JetBlue Airways worth $90,831,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Advisors LLC acquired a new position in JetBlue Airways during the third quarter valued at approximately $199,000. First Dallas Securities Inc. bought a new stake in JetBlue Airways during the fourth quarter worth $201,000. Rational Advisors LLC bought a new stake in JetBlue Airways during the third quarter worth $217,000. DekaBank Deutsche Girozentrale raised its position in JetBlue Airways by 82.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock worth $232,000 after acquiring an additional 4,801 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in JetBlue Airways by 2.8% during the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock worth $258,000 after acquiring an additional 310 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on JBLU. Cowen reaffirmed a “market perform” rating and set a $24.00 price target (up from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th. ValuEngine upgraded shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Buckingham Research reiterated a “neutral” rating on shares of JetBlue Airways in a report on Friday, January 26th. JPMorgan Chase & Co. lowered shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective (up previously from $20.00) on shares of JetBlue Airways in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.32.
Shares of JetBlue Airways Co. (NASDAQ JBLU) traded up $0.72 during trading on Thursday, reaching $20.74. The company had a trading volume of 4,887,800 shares, compared to its average volume of 4,956,789. JetBlue Airways Co. has a fifty-two week low of $18.05 and a fifty-two week high of $24.13. The company has a market cap of $6,710.00, a PE ratio of 11.94 and a beta of 0.59. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. JetBlue Airways had a net margin of 16.35% and a return on equity of 14.20%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. research analysts predict that JetBlue Airways Co. will post 1.91 earnings per share for the current fiscal year.
JetBlue Airways announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 13th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management 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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