JetBlue Airways Corporation (JBLU) Stake Boosted by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. increased its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 44.9% during the second quarter, Holdings Channel reports. The firm owned 51,053 shares of the transportation company’s stock after buying an additional 15,822 shares during the period. Rothschild Asset Management Inc.’s holdings in JetBlue Airways Corporation were worth $1,166,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Soros Fund Management LLC bought a new position in JetBlue Airways Corporation during the first quarter worth $200,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of JetBlue Airways Corporation by 8.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock worth $626,000 after buying an additional 2,442 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of JetBlue Airways Corporation during the first quarter worth approximately $11,480,000. James Investment Research Inc. acquired a new stake in shares of JetBlue Airways Corporation during the first quarter worth approximately $150,000. Finally, Investment Counselors of Maryland LLC acquired a new stake in shares of JetBlue Airways Corporation during the first quarter worth approximately $197,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.
JetBlue Airways Corporation (NASDAQ:JBLU) opened at 21.85 on Thursday. The firm has a 50-day moving average of $22.71 and a 200-day moving average of $21.42. JetBlue Airways Corporation has a 12-month low of $15.70 and a 12-month high of $24.13. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 11.09 and a beta of 0.53.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts forecast that JetBlue Airways Corporation will post $2.03 earnings per share for the current fiscal year.
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A number of equities research analysts recently commented on JBLU shares. Vetr cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $24.64 price objective on the stock. in a research note on Tuesday, April 25th. Imperial Capital increased their price objective on shares of JetBlue Airways Corporation from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Cowen and Company increased their price objective on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price objective on shares of JetBlue Airways Corporation in a research note on Friday, May 26th. Finally, Morgan Stanley increased their price objective on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.69.
In other news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.87, for a total transaction of $45,740.00. Following the completion of the sale, the chief executive officer now directly owns 408,362 shares in the company, valued at approximately $9,339,238.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $23.13, for a total value of $118,425.60. Following the sale, the director now owns 560,182 shares of the company’s stock, valued at $12,957,009.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,740 shares of company stock worth $646,976. Company insiders own 0.60% 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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