JetBlue Airways Co. (JBLU) Holdings Boosted by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC grew its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 11.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,007,422 shares of the transportation company’s stock after buying an additional 624,744 shares during the period. Frontier Capital Management Co. LLC’s holdings in JetBlue Airways were worth $116,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. HPM Partners LLC lifted its holdings in shares of JetBlue Airways by 13.5% during the 2nd quarter. HPM Partners LLC now owns 23,573 shares of the transportation company’s stock valued at $447,000 after purchasing an additional 2,796 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of JetBlue Airways by 23.1% during the 2nd quarter. Janus Henderson Group PLC now owns 15,728 shares of the transportation company’s stock valued at $299,000 after purchasing an additional 2,956 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of JetBlue Airways by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 127,529 shares of the transportation company’s stock valued at $2,421,000 after purchasing an additional 3,590 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of JetBlue Airways by 2.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 184,775 shares of the transportation company’s stock valued at $3,507,000 after purchasing an additional 3,610 shares in the last quarter. Finally, Cerebellum GP LLC lifted its holdings in shares of JetBlue Airways by 75.3% during the 2nd quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock valued at $180,000 after purchasing an additional 4,081 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

JBLU has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price objective on shares of JetBlue Airways in a report on Wednesday, August 1st. TheStreet cut JetBlue Airways from a “b-” rating to a “c+” rating in a research note on Monday, October 15th. Imperial Capital cut their target price on JetBlue Airways from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 24th. Barclays cut their target price on JetBlue Airways from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, July 16th. Finally, Cowen cut their target price on JetBlue Airways from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.64.

In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total transaction of $38,240.00. Following the transaction, the chief executive officer now owns 436,803 shares of the company’s stock, valued at approximately $8,351,673.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $19.30, for a total value of $115,800.00. Following the transaction, the executive vice president now directly owns 3,437 shares in the company, valued at approximately $66,334.10. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock worth $189,980 in the last ninety days. Insiders own 0.63% of the company’s stock.

NASDAQ JBLU traded up $0.69 during trading on Tuesday, hitting $16.85. The stock had a trading volume of 106,845 shares, compared to its average volume of 5,664,351. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.49 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.59. JetBlue Airways Co. has a 12 month low of $15.76 and a 12 month high of $23.08.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. JetBlue Airways had a return on equity of 9.53% and a net margin of 9.27%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities research analysts forecast that JetBlue Airways Co. will post 1.42 EPS for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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

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