JetBlue Airways Co. (NASDAQ:JBLU) Position Boosted by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in JetBlue Airways Co. (NASDAQ:JBLU) by 71.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,072 shares of the transportation company’s stock after buying an additional 49,712 shares during the quarter. Intech Investment Management LLC’s holdings in JetBlue Airways were worth $936,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Entropy Technologies LP bought a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $787,000. Maverick Capital Ltd. grew its stake in shares of JetBlue Airways by 136.1% in the 3rd 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 in the last quarter. Quantbot Technologies LP grew its stake in shares of JetBlue Airways by 56.7% in the 3rd 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 in the last quarter. Empowered Funds LLC grew its stake in shares of JetBlue Airways by 8.3% in the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after buying an additional 663,865 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts recently commented on JBLU shares. UBS Group lowered their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. Citigroup boosted their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Bank of America restated an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $6.33.

JetBlue Airways Stock Down 1.1 %

Shares of JBLU stock opened at $5.43 on Friday. JetBlue Airways Co. has a 12 month low of $4.50 and a 12 month high of $8.31. The firm has a market cap of $1.92 billion, a PE ratio of -2.32 and a beta of 1.80. The stock has a 50 day moving average of $6.62 and a 200-day moving average of $6.65. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm earned ($0.19) EPS. On average, equities analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current year.

JetBlue Airways Company 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.