Capital Fund Management S.A. increased its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 1,514.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,026 shares of the transportation company’s stock after purchasing an additional 152,926 shares during the quarter. Capital Fund Management S.A.’s holdings in JetBlue Airways Corporation were worth $3,722,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in JetBlue Airways Corporation during the first quarter worth $138,000. CENTRAL TRUST Co acquired a new position in JetBlue Airways Corporation during the second quarter worth $162,000. IFP Advisors Inc boosted its holdings in JetBlue Airways Corporation by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,117 shares during the last quarter. Soros Fund Management LLC acquired a new position in JetBlue Airways Corporation during the first quarter worth $200,000. Finally, Capital Management Associates NY acquired a new position in JetBlue Airways Corporation during the second quarter worth $203,000. Institutional investors and hedge funds own 84.53% of the company’s stock.
In other JetBlue Airways Corporation news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total transaction of $131,880.00. Following the transaction, the executive vice president now directly owns 25,992 shares of the company’s stock, valued at approximately $571,304.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP George Martin J. St sold 2,500 shares of JetBlue Airways Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $18.79, for a total transaction of $46,975.00. The disclosure for this sale can be found here. Insiders have sold a total of 31,860 shares of company stock worth $683,975 over the last ninety days. Insiders own 0.60% of the company’s stock.
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Shares of JetBlue Airways Corporation (NASDAQ:JBLU) opened at 19.78 on Wednesday. JetBlue Airways Corporation has a 52-week low of $16.81 and a 52-week high of $24.13. The firm’s 50-day moving average is $20.83 and its 200 day moving average is $21.45. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.04 and a beta of 0.59.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities research analysts anticipate that JetBlue Airways Corporation will post $1.94 earnings per share for the current year.
Several research analysts recently commented on the stock. Cowen and Company restated a “hold” rating and set a $21.00 target price on shares of JetBlue Airways Corporation in a report on Friday, September 8th. Standpoint Research restated a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. ValuEngine cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Morgan Stanley reduced their target price on shares of JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Finally, BidaskClub cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.77.
JetBlue Airways Corporation 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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