Ajo LP Has $1,890,000 Stake in JetBlue Airways Corp. (JBLU)
Ajo LP decreased its position in JetBlue Airways Corp. (NASDAQ:JBLU) by 95.4% during the second quarter, Holdings Channel reports. The firm owned 114,140 shares of the company’s stock after selling 2,368,098 shares during the period. Ajo LP’s holdings in JetBlue Airways Corp. were worth $1,890,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in JetBlue Airways Corp. by 3.3% in the first quarter. State Street Corp now owns 8,429,760 shares of the company’s stock valued at $178,037,000 after buying an additional 271,565 shares in the last quarter. Renaissance Technologies LLC boosted its stake in JetBlue Airways Corp. by 21.9% in the first quarter. Renaissance Technologies LLC now owns 5,542,500 shares of the company’s stock valued at $117,058,000 after buying an additional 994,100 shares in the last quarter. Wellington Management Group LLP boosted its stake in JetBlue Airways Corp. by 0.3% in the first quarter. Wellington Management Group LLP now owns 5,007,499 shares of the company’s stock valued at $105,758,000 after buying an additional 14,295 shares in the last quarter. LSV Asset Management boosted its stake in JetBlue Airways Corp. by 8.5% in the second quarter. LSV Asset Management now owns 3,266,446 shares of the company’s stock valued at $54,092,000 after buying an additional 254,880 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in JetBlue Airways Corp. during the second quarter valued at approximately $51,541,000. Institutional investors own 80.21% of the company’s stock.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded up 0.87% during mid-day trading on Monday, reaching $17.30. The company had a trading volume of 1,971,810 shares. The company has a 50 day moving average price of $16.82 and a 200 day moving average price of $18.39. JetBlue Airways Corp. has a one year low of $14.76 and a one year high of $27.36. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 7.68 and a beta of 0.44.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The business earned $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. JetBlue Airways Corp.’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. On average, analysts anticipate that JetBlue Airways Corp. will post $2.18 EPS for the current year.
Several equities research analysts recently commented on JBLU shares. Credit Suisse Group AG reaffirmed a “hold” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, May 25th. Barclays PLC reaffirmed an “overweight” rating on shares of JetBlue Airways Corp. in a research note on Thursday, May 26th. Cowen and Company reaffirmed a “buy” rating and set a $23.00 target price on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Raymond James Financial Inc. reissued an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. Finally, Zacks Investment Research cut JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.96.
In other news, EVP James G. Hnat sold 10,000 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $17.27, for a total value of $172,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.27, for a total value of $93,542.40. Following the completion of the transaction, the director now directly owns 604,893 shares of the company’s stock, valued at approximately $11,051,395.11. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
About JetBlue Airways Corp.
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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