DekaBank Deutsche Girozentrale boosted its position in JetBlue (NASDAQ:JBLU) by 613.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 76,000 shares of the transportation company’s stock after purchasing an additional 65,347 shares during the period. DekaBank Deutsche Girozentrale’s holdings in JetBlue were worth $1,533,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Focused Wealth Management Inc purchased a new stake in JetBlue in the fourth quarter worth approximately $189,000. First Dallas Securities Inc. bought a new stake in JetBlue in the fourth quarter valued at approximately $201,000. Unison Advisors LLC bought a new stake in JetBlue in the fourth quarter valued at approximately $290,000. BB&T Securities LLC lifted its position in JetBlue 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 last quarter. Finally, First Mercantile Trust Co. lifted its position in JetBlue by 18.4% in the fourth quarter. First Mercantile Trust Co. now owns 19,075 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 2,968 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.
Shares of JetBlue stock opened at $19.47 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.19. The company has a market cap of $5.97 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.58 and a beta of 0.57. JetBlue has a 52 week low of $18.97 and a 52 week high of $19.45.
JetBlue (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 24th. The transportation company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. JetBlue had a return on equity of 13.10% and a net margin of 16.05%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. equities analysts predict that JetBlue will post 1.81 earnings per share for the current fiscal year.
Several analysts have weighed in on the company. ValuEngine upgraded JetBlue from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. JPMorgan Chase downgraded JetBlue from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research report on Monday, April 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $21.00 price objective on shares of JetBlue in a research report on Wednesday, April 25th. Stephens reiterated a “hold” rating and issued a $23.00 price objective on shares of JetBlue in a research report on Tuesday, April 17th. Finally, Morgan Stanley boosted their price objective on JetBlue from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. JetBlue has a consensus rating of “Hold” and an average price target of $24.09.
In related news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $19.11, for a total transaction of $38,220.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP George Martin J. St sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $19.60, for a total value of $58,800.00. Following the transaction, the executive vice president now owns 34,474 shares of the company’s stock, valued at approximately $675,690.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,000 shares of company stock valued at $247,500. 0.63% of the stock is owned by corporate insiders.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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