one8zero8 LLC Invests $196,000 in JetBlue Airways Co. (NASDAQ:JBLU)

one8zero8 LLC acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the transportation company’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc increased its stake 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 valued at $239,000 after acquiring an additional 1,823 shares during the period. Blue Trust Inc. increased its stake in JetBlue Airways by 130.8% in 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. Bogart Wealth LLC increased its stake in JetBlue Airways by 67.8% in 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. GAMMA Investing LLC increased its stake in JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 3,857 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in JetBlue Airways in the third quarter valued at about $28,000. Institutional investors own 83.71% of the company’s stock.

Insider Activity at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nik Mittal bought 100,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by company insiders.

JetBlue Airways Trading Up 1.3 %

Shares of NASDAQ JBLU opened at $5.67 on Tuesday. The company’s 50 day simple moving average is $6.79 and its 200 day simple moving average is $6.64. JetBlue Airways Co. has a fifty-two week low of $4.50 and a fifty-two week high of $8.31. The firm has a market capitalization of $2.00 billion, a P/E ratio of -2.42 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.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share 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 period last year, the company earned ($0.19) EPS. On average, analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on JBLU. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Citigroup boosted their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Susquehanna reduced their price target 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. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price target for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Bank of America restated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways 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.