PNC Financial Services Group Inc. lifted its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 40.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,470 shares of the transportation company’s stock after purchasing an additional 5,614 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JetBlue Airways Corporation were worth $444,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in shares of JetBlue Airways Corporation in the second quarter valued at approximately $162,000. IFP Advisors Inc increased its holdings in shares of JetBlue Airways Corporation 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 last quarter. Capital Management Associates NY acquired a new stake in shares of JetBlue Airways Corporation in the second quarter valued at approximately $203,000. Investment Centers of America Inc. acquired a new stake in shares of JetBlue Airways Corporation in the second quarter valued at approximately $205,000. Finally, Keybank National Association OH acquired a new stake in shares of JetBlue Airways Corporation in the second quarter valued at approximately $210,000. 83.90% of the stock is owned by hedge funds and other institutional investors.
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Shares of JetBlue Airways Corporation (JBLU) opened at 19.59 on Friday. JetBlue Airways Corporation has a 1-year low of $16.85 and a 1-year high of $24.13. The firm has a 50-day moving average price of $19.45 and a 200-day moving average price of $21.30. The firm has a market capitalization of $6.44 billion, a PE ratio of 9.94 and a beta of 0.59.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 16.06%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that JetBlue Airways Corporation will post $1.76 EPS for the current fiscal year.
In related news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.45, for a total transaction of $94,464.00. The transaction was disclosed in a 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 Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total transaction of $131,880.00. Following the sale, the executive vice president now directly owns 25,992 shares of the company’s stock, valued at $571,304.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,860 shares of company stock valued at $646,973. Insiders own 0.60% of the company’s stock.
Several research firms have issued reports on JBLU. Morgan Stanley cut their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Standpoint Research reissued a “buy” rating on shares of JetBlue Airways Corporation in a research note on Sunday, September 3rd. Imperial Capital reissued a “buy” rating and set a $31.00 target price on shares of JetBlue Airways Corporation in a research note on Tuesday, October 17th. BidaskClub cut JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.37.
About JetBlue Airways Corporation
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.
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