Schwab Charles Investment Management Inc. Raises Position in JetBlue Airways Corporation (JBLU)

Schwab Charles Investment Management Inc. increased its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,164,645 shares of the transportation company’s stock after buying an additional 81,828 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.36% of JetBlue Airways worth $21,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JBLU. Russell Investments Group Ltd. raised its position in shares of JetBlue Airways by 39.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock worth $3,906,000 after buying an additional 48,067 shares during the period. Public Employees Retirement Association of Colorado raised its position in JetBlue Airways by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the period. IFP Advisors Inc raised its position in JetBlue Airways by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 2,117 shares during the period. Canada Pension Plan Investment Board raised its position in JetBlue Airways by 58.7% in the second quarter. Canada Pension Plan Investment Board now owns 275,200 shares of the transportation company’s stock valued at $6,283,000 after purchasing an additional 101,800 shares during the period. Finally, Advisors Asset Management Inc. raised its position in JetBlue Airways by 162.8% in the second quarter. Advisors Asset Management Inc. now owns 26,999 shares of the transportation company’s stock valued at $616,000 after purchasing an additional 16,724 shares during the period. 89.86% of the stock is currently owned by institutional investors and hedge funds.

JBLU has been the topic of several research reports. ValuEngine raised JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Cowen reissued a “hold” rating on shares of JetBlue Airways in a research report on Friday, September 1st. Standpoint Research initiated coverage on JetBlue Airways in a research report on Friday, September 1st. They issued an “accumulate” rating and a $26.00 price objective on the stock. Macquarie initiated coverage on JetBlue Airways in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Zacks Investment Research lowered JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.56.

In related news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.56, for a total value of $37,120.00. Following the completion of the transaction, the chief executive officer now directly owns 402,362 shares in the company, valued at $7,467,838.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of JetBlue Airways stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $21.59, for a total value of $53,975.00. The disclosure for this sale can be found here. Insiders have sold 22,785 shares of company stock valued at $448,492 over the last 90 days. Insiders own 0.60% of the company’s stock.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at $21.29 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 $6,791.30, a PE ratio of 10.92 and a beta of 0.68. JetBlue Airways Corporation has a 52 week low of $18.05 and a 52 week high of $24.13.

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

JetBlue Airways declared that its board has approved a share buyback program on Wednesday, December 13th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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JetBlue Airways 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.

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

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