JetBlue Airways Corporation (JBLU) Holdings Lifted by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 219.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 545,905 shares of the transportation company’s stock after buying an additional 375,052 shares during the quarter. Russell Investments Group Ltd. owned 0.17% of JetBlue Airways worth $10,115,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of JBLU. Alliancebernstein L.P. grew its position in JetBlue Airways by 1,135.5% during the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after buying an additional 2,690,638 shares during the period. Frontier Capital Management Co. LLC grew its position in JetBlue Airways by 68.9% during the third quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock worth $66,719,000 after buying an additional 1,468,416 shares during the period. Prudential Financial Inc. grew its position in JetBlue Airways by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after buying an additional 1,410,594 shares during the period. Victory Capital Management Inc. grew its position in JetBlue Airways by 35.0% during the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock worth $84,649,000 after buying an additional 961,535 shares during the period. Finally, Bank of Nova Scotia acquired a new position in JetBlue Airways during the second quarter worth about $21,689,000. Institutional investors own 89.86% of the company’s stock.
In related news, EVP George Martin J. St sold 2,500 shares of the firm’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 transaction of $46,975.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total transaction of $37,120.00. Following the sale, the chief executive officer now owns 402,362 shares in the company, valued at approximately $7,467,838.72. The disclosure for this sale can be found here. Insiders sold 18,740 shares of company stock worth $355,144 over the last quarter. Company insiders own 0.60% of the company’s stock.
Several research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Standpoint Research restated a “buy” rating on shares of JetBlue Airways in a research report on Sunday, September 3rd. Imperial Capital restated a “buy” rating and set a $31.00 target price on shares of JetBlue Airways in a research report on Tuesday, October 17th. Cowen increased their price target on shares of JetBlue Airways from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co lowered shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.02.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) opened at $21.97 on Tuesday. The company has a market cap of $6,832.98, a P/E ratio of 10.98 and a beta of 0.68. JetBlue Airways Corporation has a 1 year low of $18.05 and a 1 year high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. sell-side analysts predict that JetBlue Airways Corporation will post 1.74 EPS for the current fiscal year.
JetBlue Airways 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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