JetBlue Airways Corporation (JBLU) EVP James G. Hnat Sells 1,000 Shares
JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 1,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.46, for a total transaction of $18,460.00. Following the completion of the sale, the executive vice president now owns 18,992 shares in the company, valued at approximately $350,592.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at 19.76 on Wednesday. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 10.03 and a beta of 0.59. JetBlue Airways Corporation has a 1-year low of $16.85 and a 1-year high of $24.13. The stock has a 50 day moving average price of $19.46 and a 200 day moving average price of $21.35.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm earned $0.53 earnings per share. JetBlue Airways Corporation’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts forecast that JetBlue Airways Corporation will post $1.87 earnings per share for the current year.
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Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Macquarie began coverage on shares of JetBlue Airways Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 price target on the stock. Cowen and Company restated a “hold” rating and issued a $21.00 price target on shares of JetBlue Airways Corporation in a research report on Friday, September 8th. Standpoint Research restated a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. Finally, ValuEngine downgraded shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. JetBlue Airways Corporation presently has a consensus rating of “Hold” and a consensus price target of $25.40.
Several large investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in shares of JetBlue Airways Corporation during the first quarter worth approximately $138,000. CENTRAL TRUST Co bought a new stake in shares of JetBlue Airways Corporation in the second quarter valued at approximately $162,000. IFP Advisors Inc boosted its stake in shares of JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after buying an additional 2,117 shares during the period. Capital Management Associates NY bought a new stake in shares of JetBlue Airways Corporation in the second quarter valued at approximately $203,000. Finally, Investment Centers of America Inc. bought a new stake in shares of JetBlue Airways Corporation in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 84.47% 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. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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