Empowered Funds LLC Grows Position in JetBlue Airways Corporation $JBLU

Empowered Funds LLC raised its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,415,860 shares of the transportation company’s stock after purchasing an additional 19,330 shares during the period. Empowered Funds LLC owned 0.40% of JetBlue Airways worth $6,824,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JBLU. GW Henssler & Associates Ltd. purchased a new position in shares of JetBlue Airways during the 1st quarter valued at about $52,000. Patriot Financial Group Insurance Agency LLC bought a new stake in JetBlue Airways during the 1st quarter worth approximately $53,000. Teacher Retirement System of Texas purchased a new position in JetBlue Airways during the first quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd boosted its position in shares of JetBlue Airways by 201.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company’s stock worth $76,000 after purchasing an additional 10,519 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of JetBlue Airways in the first quarter worth $78,000. Institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JBLU shares. Raymond James Financial cut shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. TD Cowen boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Monday. Citigroup set a $5.00 target price on JetBlue Airways and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. UBS Group lifted their target price on JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research note on Friday, September 5th. Finally, Wall Street Zen upgraded JetBlue Airways to a “sell” rating in a research note on Thursday, May 15th. Eight research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, JetBlue Airways presently has an average rating of “Reduce” and a consensus price target of $5.16.

JetBlue Airways Trading Down 1.2%

Shares of JBLU stock opened at $5.08 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -4.62 and a beta of 1.81. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $8.31. The stock’s 50-day moving average price is $4.76 and its 200-day moving average price is $4.81.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%.The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equities research analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

JetBlue Airways Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.