BNP Paribas Arbitrage SA Buys 37,296 Shares of JetBlue Airways Corporation (JBLU)

BNP Paribas Arbitrage SA raised its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 18.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,046 shares of the transportation company’s stock after buying an additional 37,296 shares during the period. BNP Paribas Arbitrage SA owned 0.08% of JetBlue Airways Corporation worth $4,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. World Asset Management Inc raised its holdings in JetBlue Airways Corporation by 0.7% during the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after buying an additional 155 shares in the last quarter. M&T Bank Corp increased its stake in shares of JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock worth $442,000 after purchasing an additional 181 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after purchasing an additional 283 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock worth $258,000 after purchasing an additional 310 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock worth $756,000 after purchasing an additional 360 shares during the period. Institutional investors own 85.19% of the company’s stock.

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In other news, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $18.79, for a total value of $46,975.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.87, for a total value of $101,734.40. Following the completion of the transaction, the director now directly owns 549,942 shares in the company, valued at $10,927,347.54. The disclosure for this sale can be found here. Insiders have sold 24,860 shares of company stock worth $474,419 over the last ninety days. Company insiders own 0.60% of the company’s stock.

JBLU has been the topic of a number of recent analyst reports. Cowen and Company lifted their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $28.00 to $24.00 in a research note on Wednesday, July 26th. BidaskClub lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Morgan Stanley dropped their price objective on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. JetBlue Airways Corporation currently has an average rating of “Hold” and a consensus target price of $25.25.

Shares of JetBlue Airways Corporation (JBLU) opened at $19.99 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $6,409.73, a P/E ratio of 10.30 and a beta of 0.65. JetBlue Airways Corporation has a 1-year low of $18.05 and a 1-year high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. equities research analysts predict that JetBlue Airways Corporation will post 1.75 EPS for the current fiscal year.

About JetBlue Airways Corporation

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.

Institutional Ownership by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

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