Texas Permanent School Fund raised its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 0.1% during the third quarter, Holdings Channel reports. The fund owned 246,543 shares of the company’s stock after buying an additional 216 shares during the period. Texas Permanent School Fund owned 0.08% of JetBlue Airways Corporation worth $4,250,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of JetBlue Airways Corporation by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock worth $445,345,000 after buying an additional 1,560,560 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of JetBlue Airways Corporation by 5.0% in the second quarter. BlackRock Fund Advisors now owns 11,927,998 shares of the company’s stock worth $197,528,000 after buying an additional 571,609 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of JetBlue Airways Corporation by 5.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 9,134,796 shares of the company’s stock worth $151,272,000 after buying an additional 440,996 shares during the last quarter. State Street Corp increased its stake in shares of JetBlue Airways Corporation by 1.0% in the second quarter. State Street Corp now owns 8,515,703 shares of the company’s stock worth $141,021,000 after buying an additional 85,943 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in shares of JetBlue Airways Corporation by 3.4% in the second quarter. Donald Smith & CO. Inc. now owns 5,723,215 shares of the company’s stock worth $199,053,000 after buying an additional 186,548 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Institutional Ownership by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) traded up 0.14% during trading on Friday, hitting $21.85. 1,835,039 shares of the company’s stock traded hands. The company’s 50 day moving average is $21.70 and its 200-day moving average is $18.39. The stock has a market cap of $7.07 billion, a P/E ratio of 9.70 and a beta of 0.34. JetBlue Airways Corporation has a 12 month low of $14.76 and a 12 month high of $23.67.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. JetBlue Airways Corporation had a net margin of 11.66% and a return on equity of 21.13%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. On average, analysts predict that JetBlue Airways Corporation will post $2.18 earnings per share for the current year.

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JBLU has been the subject of a number of recent analyst reports. Vetr upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $18.40 price target for the company in a report on Monday, October 10th. Citigroup Inc. restated a “neutral” rating on shares of JetBlue Airways Corporation in a research note on Tuesday, December 6th. Zacks Investment Research downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. Imperial Capital raised their target price on JetBlue Airways Corporation from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Finally, Cowen and Company downgraded JetBlue Airways Corporation from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research note on Wednesday, January 4th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $25.27.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $17.37, for a total transaction of $88,934.40. Following the transaction, the director now owns 589,533 shares in the company, valued at $10,240,188.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $17.43, for a total transaction of $34,860.00. Following the transaction, the chief executive officer now owns 355,881 shares in the company, valued at approximately $6,203,005.83. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

JetBlue Airways Corporation Company Profile

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.

5 Day Chart for NASDAQ:JBLU

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