AXQ Capital LP Acquires Shares of 18,984 JetBlue Airways Co. (NASDAQ:JBLU)

AXQ Capital LP acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 18,984 shares of the transportation company’s stock, valued at approximately $149,000.

A number of other large investors have also recently made changes to their positions in JBLU. CIBC Asset Management Inc grew its position in JetBlue Airways by 6.4% in the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock worth $239,000 after acquiring an additional 1,823 shares in the last quarter. Xponance Inc. lifted its stake in shares of JetBlue Airways by 10.2% in the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock valued at $178,000 after purchasing an additional 2,095 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares during the period. Bogart Wealth LLC increased its position in shares of JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after buying an additional 3,857 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Up 4.4 %

NASDAQ:JBLU opened at $5.67 on Tuesday. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31. The company has a 50-day moving average of $6.59 and a 200 day moving average of $6.66. The firm has a market cap of $2.00 billion, a PE ratio of -2.42 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter last year, the business earned ($0.19) EPS. As a group, research analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JBLU has been the topic of a number of analyst reports. Susquehanna cut their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Bank of America restated an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a research report on Friday, January 17th. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.33.

Insider Transactions at JetBlue Airways

In other news, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

About JetBlue Airways

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.