JetBlue Airways Co. (JBLU) Short Interest Update

JetBlue Airways Co. (NASDAQ:JBLU) was the target of a large growth in short interest during the month of September. As of September 28th, there was short interest totalling 11,318,293 shares, a growth of 21.7% from the September 14th total of 9,296,463 shares. Based on an average daily volume of 4,010,719 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.6% of the shares of the company are sold short.

JBLU opened at $16.36 on Friday. JetBlue Airways has a fifty-two week low of $16.03 and a fifty-two week high of $23.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.56. The firm has a market cap of $6.06 billion, a PE ratio of 9.57, a PEG ratio of 1.28 and a beta of 0.49.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. JetBlue Airways had a return on equity of 10.80% and a net margin of 11.30%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts predict that JetBlue Airways will post 1.48 EPS for the current year.

Several equities research analysts have issued reports on the company. Wolfe Research raised JetBlue Airways from an “underperform” rating to a “peer perform” rating in a report on Friday. BidaskClub downgraded JetBlue Airways from a “sell” rating to a “strong sell” rating in a report on Friday. ValuEngine raised JetBlue Airways from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Imperial Capital cut their price target on JetBlue Airways from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 25th. Finally, Zacks Investment Research raised JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $21.67.

In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $17.97, for a total transaction of $35,940.00. Following the completion of the sale, the chief executive officer now owns 438,803 shares of the company’s stock, valued at approximately $7,885,289.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP George Martin J. St sold 3,000 shares of the firm’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $19.39, for a total value of $58,170.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,000 shares of company stock valued at $248,150 in the last ninety days. Insiders own 0.63% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Capital Group LLC lifted its holdings in shares of JetBlue Airways by 178.8% during the first quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock worth $117,000 after buying an additional 3,707 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of JetBlue Airways during the second quarter worth $147,000. Cerebellum GP LLC lifted its holdings in shares of JetBlue Airways by 75.3% during the second quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock worth $180,000 after buying an additional 4,081 shares in the last quarter. Lincoln National Corp bought a new position in shares of JetBlue Airways in the second quarter worth $190,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of JetBlue Airways in the second quarter worth $281,000. 87.24% of the stock is owned by institutional investors.

About JetBlue Airways

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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