Frontier Capital Management Co. LLC boosted its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 68.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,600,572 shares of the transportation company’s stock after buying an additional 1,468,416 shares during the period. Frontier Capital Management Co. LLC owned approximately 1.09% of JetBlue Airways Corporation worth $66,719,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. World Asset Management Inc boosted its stake in JetBlue Airways Corporation by 0.7% during the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after buying an additional 155 shares during the last quarter. M&T Bank Corp raised its position in JetBlue Airways Corporation by 0.9% during the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 181 shares during the period. Public Employees Retirement Association of Colorado raised its position in JetBlue Airways Corporation by 2.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the period. Cubist Systematic Strategies LLC raised its position in JetBlue Airways Corporation by 2.8% during the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 310 shares during the period. Finally, Capstone Asset Management Co. raised its position in JetBlue Airways Corporation by 1.1% during the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after purchasing an additional 360 shares during the period. 83.86% of the stock is owned by institutional investors.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) traded up $0.24 during midday trading on Friday, hitting $19.19. The stock had a trading volume of 2,868,355 shares, compared to its average volume of 6,980,000. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.56. The stock has a market capitalization of $6.15 billion, a P/E ratio of 9.75 and a beta of 0.65. JetBlue Airways Corporation has a 12-month low of $16.85 and a 12-month high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. research analysts expect that JetBlue Airways Corporation will post 1.73 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/frontier-capital-management-co-llc-increases-position-in-jetblue-airways-corporation-jblu/1678521.html.

A number of equities research analysts have issued reports on the company. Morgan Stanley restated an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday, July 14th. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, July 12th. Buckingham Research downgraded JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $28.00 to $24.00 in a research report on Wednesday, July 26th. Cowen and Company upped their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.02.

In other news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40. Following the completion of the sale, the director now directly owns 549,942 shares of the company’s stock, valued at $10,927,347.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,860 shares of company stock valued at $474,419. Company insiders own 0.60% of the company’s stock.

JetBlue Airways Corporation Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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

Receive News & Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.