AXQ Capital LP Makes New $149,000 Investment in JetBlue Airways Co. (NASDAQ:JBLU)

AXQ Capital LP purchased a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,984 shares of the transportation company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its stake in JetBlue Airways by 6.4% during the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 1,823 shares during the period. Xponance Inc. lifted its position in JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock valued at $178,000 after purchasing an additional 2,095 shares during the period. Blue Trust Inc. boosted its holdings in JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. Bogart Wealth LLC grew its position in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares during the period. Finally, GAMMA Investing LLC raised its stake in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after buying an additional 3,857 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, January 29th. Bank of America restated an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and cut their target price for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Susquehanna decreased their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Stock Up 4.4 %

JBLU opened at $5.67 on Tuesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -2.42 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The firm’s fifty day moving average is $6.59 and its 200 day moving average is $6.66. JetBlue Airways Co. has a fifty-two week low of $4.50 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the prior year, the business earned ($0.19) EPS. On average, sell-side analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

JetBlue Airways Profile

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.