Dimensional Fund Advisors LP increased its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,295,104 shares of the transportation company’s stock after purchasing an additional 259,499 shares during the period. Dimensional Fund Advisors LP owned 3.52% of JetBlue Airways worth $209,297,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in JBLU. Alliancebernstein L.P. boosted its holdings in JetBlue Airways by 1,135.5% in the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock valued at $66,837,000 after acquiring an additional 2,690,638 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in JetBlue Airways by 68.9% in the third quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock valued at $66,719,000 after acquiring an additional 1,468,416 shares during the last quarter. Prudential Financial Inc. boosted its holdings in JetBlue Airways by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after acquiring an additional 1,410,594 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in JetBlue Airways by 35.0% in the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock valued at $84,649,000 after acquiring an additional 961,535 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in JetBlue Airways in the second quarter valued at $21,689,000. 89.86% of the stock is owned by institutional investors and hedge funds.
JetBlue Airways Corporation (JBLU) opened at $22.08 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. JetBlue Airways Corporation has a one year low of $18.05 and a one year high of $24.13. The company has a market capitalization of $7,079.89, a PE ratio of 11.38 and a beta of 0.68.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. analysts forecast that JetBlue Airways Corporation will post 1.74 EPS for the current year.
A number of research analysts recently weighed in on JBLU shares. Morgan Stanley reduced their target price on JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Cowen restated a “hold” rating on shares of JetBlue Airways in a research note on Friday, September 1st. Standpoint Research began coverage on JetBlue Airways in a research note on Friday, September 1st. They set an “accumulate” rating and a $26.00 price objective on the stock. Finally, Macquarie began coverage on JetBlue Airways in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. JetBlue Airways presently has a consensus rating of “Hold” and a consensus target price of $25.02.
In related news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $21.38, for a total value of $42,760.00. Following the completion of the sale, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.45, for a total value of $94,464.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,285 shares of company stock worth $394,517. Insiders own 0.60% of the company’s stock.
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About JetBlue Airways
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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