C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in 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 bought 5,112 shares of the transportation company’s stock, valued at approximately $40,000.

Other large investors have also recently bought and sold shares of the company. Maverick Capital Ltd. boosted its position in JetBlue Airways by 136.1% in the third quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock valued at $1,612,000 after buying an additional 141,605 shares during the last quarter. Quantbot Technologies LP boosted its position in JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock valued at $6,054,000 after buying an additional 334,032 shares during the last quarter. Entropy Technologies LP purchased a new stake in JetBlue Airways in the fourth quarter valued at approximately $787,000. Empowered Funds LLC boosted its position in JetBlue Airways by 8.3% in the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after buying an additional 107,293 shares during the last quarter. Finally, Jade Capital Advisors LLC boosted its position in JetBlue Airways by 800.0% in the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock valued at $2,952,000 after buying an additional 400,000 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity at JetBlue Airways

In related news, Director Nik Mittal bought 100,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares of the company’s stock, valued at $714,960.02. The trade was a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on JBLU. Susquehanna lowered their price objective on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Barclays upped their price objective on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Finally, Citigroup upped their price objective on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $6.51.

JetBlue Airways Trading Up 1.5 %

Shares of JBLU stock opened at $6.78 on Friday. The stock has a 50 day simple moving average of $7.25 and a 200-day simple moving average of $6.45. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.31. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -2.90 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU) last posted 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 9.29% and a negative net margin of 8.57%. During the same period in the prior year, the company posted ($0.19) earnings per share. On average, equities research analysts expect that JetBlue Airways Co. will post -0.58 EPS for the current fiscal year.

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.