Carillon Tower Advisers Inc. Takes $61.47 Million Position in JetBlue Airways Co. (JBLU)

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.

COPYRIGHT VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/25/carillon-tower-advisers-inc-takes-61-47-million-position-in-jetblue-airways-co-jblu.html.

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.

Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply