Janney Montgomery Scott LLC Purchases 60,534 Shares of JetBlue Airways Co. (NASDAQ:JBLU)
Janney Montgomery Scott LLC grew its position in JetBlue Airways Co. (NASDAQ:JBLU) by 210.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,310 shares of the transportation company’s stock after acquiring an additional 60,534 shares during the quarter. Janney Montgomery Scott LLC’s holdings in JetBlue Airways were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in JBLU. Renaissance Technologies LLC increased its stake in JetBlue Airways by 37.9% in the 2nd quarter. Renaissance Technologies LLC now owns 8,464,904 shares of the transportation company’s stock worth $156,516,000 after acquiring an additional 2,325,600 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in JetBlue Airways in the 2nd quarter worth approximately $21,295,000. Wafra Inc. bought a new stake in JetBlue Airways in the 2nd quarter worth approximately $18,638,000. Maverick Capital Ltd. increased its stake in JetBlue Airways by 635.6% in the 2nd quarter. Maverick Capital Ltd. now owns 749,300 shares of the transportation company’s stock worth $13,855,000 after acquiring an additional 647,440 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in JetBlue Airways by 26.2% in the 2nd quarter. Bank of America Corp DE now owns 2,815,221 shares of the transportation company’s stock worth $52,054,000 after acquiring an additional 584,974 shares during the last quarter. 93.07% of the stock is currently owned by institutional investors and hedge funds.
In related news, General Counsel Brandon Nelson sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $19.47, for a total transaction of $38,940.00. Following the completion of the transaction, the general counsel now owns 229 shares in the company, valued at approximately $4,458.63. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP George Martin J. St sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $18.25, for a total value of $27,375.00. Following the transaction, the executive vice president now owns 44,228 shares of the company’s stock, valued at approximately $807,161. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,810 shares of company stock worth $252,487. Corporate insiders own 0.79% of the company’s stock.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. As a group, equities analysts predict that JetBlue Airways Co. will post 1.92 EPS for the current year.
JBLU has been the topic of a number of research reports. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley cut their target price on JetBlue Airways from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Zacks Investment Research raised JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, September 2nd. TheStreet downgraded JetBlue Airways from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. Finally, ValuEngine raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.28.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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