Disciplined Growth Investors Inc. MN reduced its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,854,062 shares of the transportation company’s stock after selling 6,834 shares during the quarter. JetBlue Airways comprises approximately 2.1% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 15th largest holding. Disciplined Growth Investors Inc. MN owned about 1.51% of JetBlue Airways worth $108,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in JetBlue Airways during the 4th quarter worth $4,532,000. BB&T Securities LLC increased its stake in JetBlue Airways by 19.1% in the fourth quarter. BB&T Securities LLC now owns 16,337 shares of the transportation company’s stock valued at $364,000 after purchasing an additional 2,623 shares during the period. Sentinel Trust Co. LBA increased its stake in JetBlue Airways by 2.0% in the fourth quarter. Sentinel Trust Co. LBA now owns 171,020 shares of the transportation company’s stock valued at $3,820,000 after purchasing an additional 3,395 shares during the period. Vident Investment Advisory LLC increased its stake in JetBlue Airways by 7.0% in the fourth quarter. Vident Investment Advisory LLC now owns 132,175 shares of the transportation company’s stock valued at $2,953,000 after purchasing an additional 8,685 shares during the period. Finally, Meadow Creek Investment Management LLC increased its stake in JetBlue Airways by 70.0% in the fourth quarter. Meadow Creek Investment Management LLC now owns 276,454 shares of the transportation company’s stock valued at $6,176,000 after purchasing an additional 113,832 shares during the period. Hedge funds and other institutional investors own 91.01% of the company’s stock.
JBLU has been the topic of a number of recent research reports. Stephens initiated coverage on shares of JetBlue Airways in a research note on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price objective on the stock. BidaskClub lowered shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research note on Tuesday, January 30th. Cowen restated a “market perform” rating and issued a $23.00 price objective (down from $24.00) on shares of JetBlue Airways in a research note on Friday, January 26th. Finally, ValuEngine upgraded shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.32.
In related news, EVP James G. Hnat sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $20.84, for a total transaction of $104,200.00. Following the sale, the executive vice president now owns 9,555 shares of the company’s stock, valued at $199,126.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $22.47, for a total transaction of $44,940.00. Following the sale, the chief executive officer now directly owns 396,535 shares in the company, valued at approximately $8,910,141.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,000 shares of company stock worth $369,720. Company insiders own 0.60% of the company’s stock.
JetBlue Airways Co. (NASDAQ:JBLU) opened at $22.17 on Tuesday. JetBlue Airways Co. has a one year low of $18.05 and a one year high of $24.13. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7,270.80, a PE ratio of 12.84, a PEG ratio of 0.65 and a beta of 0.58.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. research analysts predict that JetBlue Airways Co. will post 1.93 EPS for the current year.
JetBlue Airways announced that its board has approved a share repurchase program on Wednesday, December 13th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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JetBlue Airways 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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