Carillon Tower Advisers Inc. acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,751,539 shares of the transportation company’s stock, valued at approximately $61,469,000. Carillon Tower Advisers Inc. owned about 0.86% of JetBlue Airways as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in JBLU. Cetera Advisors LLC bought a new stake in shares of JetBlue Airways during the 3rd quarter worth $199,000. First Dallas Securities Inc. bought a new stake in shares of JetBlue Airways during the 4th quarter worth $201,000. Rational Advisors LLC bought a new stake in shares of JetBlue Airways during the 3rd quarter worth $217,000. DekaBank Deutsche Girozentrale lifted its position in shares of JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock worth $232,000 after buying an additional 4,801 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of JetBlue Airways by 2.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock worth $258,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.
In other news, EVP George Martin J. St sold 3,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.00, for a total value of $69,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The shares were 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 approximately $8,520,678.30. The disclosure for this sale can be found here. In the last three months, insiders sold 20,545 shares of company stock valued at $442,303. Insiders own 0.60% of the company’s stock.
JBLU has been the subject of several recent analyst reports. Stephens initiated coverage on JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price objective for the company. BidaskClub downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. JPMorgan Chase & Co. upgraded JetBlue Airways from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a research report on Tuesday, January 30th. Cowen reiterated a “market perform” rating and issued a $23.00 target price (down from $24.00) on shares of JetBlue Airways in a research report on Friday, January 26th. Finally, ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $24.32.
Shares of JetBlue Airways Co. (NASDAQ:JBLU) opened at $21.32 on Friday. The firm has a market capitalization of $6,990.00, a PE ratio of 12.18 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.50 and a quick ratio of 0.56. JetBlue Airways Co. has a one year low of $18.05 and a one year high of $24.13.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. JetBlue Airways had a net margin of 16.35% and a return on equity of 13.57%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. sell-side analysts expect that JetBlue Airways Co. will post 1.91 EPS for the current year.
JetBlue Airways announced that its board has approved a stock repurchase program on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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JetBlue Airways Company Profile
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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