Intech Investment Management LLC Acquires 49,712 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Intech Investment Management LLC lifted its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 71.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 119,072 shares of the transportation company’s stock after purchasing an additional 49,712 shares during the period. Intech Investment Management LLC’s holdings in JetBlue Airways were worth $936,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd acquired a new position in shares of JetBlue Airways during the third quarter valued at $28,000. Blue Trust Inc. lifted its stake in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways during the fourth quarter valued at $40,000. Bogart Wealth LLC lifted its stake in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 2,850 shares during the period. Finally, R Squared Ltd acquired a new position in shares of JetBlue Airways during the fourth quarter valued at $58,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Down 1.1 %

NASDAQ JBLU opened at $5.43 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of -2.32 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The stock’s 50-day moving average is $6.62 and its 200-day moving average is $6.65. JetBlue Airways Co. has a one year low of $4.50 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned ($0.19) earnings per share. Sell-side analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Citigroup increased their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and cut their target price for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Susquehanna cut their target price on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Five investment 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, JetBlue Airways presently has an average rating of “Hold” and a consensus target price of $6.33.

Insider Buying and Selling

In related news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nik Mittal purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This 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 owned by corporate insiders.

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.