Quantbot Technologies LP Grows Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Quantbot Technologies LP grew its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 56.7% during the third quarter, Holdings Channel reports. The institutional investor owned 922,925 shares of the transportation company’s stock after purchasing an additional 334,032 shares during the quarter. Quantbot Technologies LP’s holdings in JetBlue Airways were worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC grew its stake in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of JetBlue Airways in the third quarter valued at $28,000. Trust Co. of Vermont purchased a new position in shares of JetBlue Airways in the second quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in JetBlue Airways during the 2nd quarter worth about $34,000. Finally, GAMMA Investing LLC boosted its stake in JetBlue Airways by 79.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after purchasing an additional 2,993 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $5.91 on Wednesday. The stock’s 50-day moving average is $6.52 and its 200 day moving average is $5.93. JetBlue Airways Co. has a 1-year low of $4.10 and a 1-year high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted ($0.39) EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts expect that JetBlue Airways Co. will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. UBS Group reiterated a “sell” rating and issued a $5.00 target price on shares of JetBlue Airways in a research note on Tuesday. Citigroup boosted their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. Finally, StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.43.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.