JetBlue Airways Co. (NASDAQ:JBLU) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 18,986,566 shares, a decrease of 15.0% from the May 31st total of 22,337,665 shares. Currently, 6.0% of the company’s shares are sold short. Based on an average daily volume of 4,759,162 shares, the days-to-cover ratio is presently 4.0 days.
Shares of NASDAQ:JBLU opened at $18.86 on Friday. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.61 and a beta of 0.59. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.19. JetBlue Airways has a 12 month low of $18.05 and a 12 month high of $24.13.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. JetBlue Airways had a return on equity of 13.10% and a net margin of 16.05%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. research analysts predict that JetBlue Airways will post 1.71 EPS for the current fiscal year.
JBLU has been the subject of several analyst reports. BidaskClub lowered JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Zacks Investment Research lowered JetBlue Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, May 28th. ValuEngine upgraded JetBlue Airways from a “hold” rating to a “buy” rating in a research note on Tuesday, May 1st. Buckingham Research dropped their target price on JetBlue Airways from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, June 13th. Finally, JPMorgan Chase & Co. lowered JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Monday, April 30th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.50.
In related news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $20.32, for a total value of $40,640.00. Following the completion of the transaction, the chief executive officer now directly owns 426,069 shares in the company, valued at $8,657,722.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James G. Hnat sold 16,805 shares of the company’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $18.62, for a total value of $312,909.10. Following the completion of the transaction, the executive vice president now owns 9,437 shares of the company’s stock, valued at $175,716.94. The disclosure for this sale can be found here. Insiders sold 25,805 shares of company stock valued at $488,689 over the last quarter. Insiders own 0.63% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. BB&T Securities LLC grew its stake in shares of 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 buying an additional 2,623 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of JetBlue Airways by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 152,904 shares of the transportation company’s stock valued at $3,107,000 after buying an additional 2,800 shares in the last quarter. US Bancorp DE grew its stake in shares of JetBlue Airways by 9.7% in the first quarter. US Bancorp DE now owns 35,143 shares of the transportation company’s stock valued at $715,000 after buying an additional 3,096 shares in the last quarter. Sentinel Trust Co. LBA grew its stake in shares of 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 buying an additional 3,395 shares in the last quarter. Finally, Mason Street Advisors LLC grew its stake in shares of JetBlue Airways by 2.3% in the first quarter. Mason Street Advisors LLC now owns 161,659 shares of the transportation company’s stock valued at $3,285,000 after buying an additional 3,687 shares in the last quarter. Institutional investors and hedge funds own 90.71% of the company’s stock.
JetBlue Airways Company Profile
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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