PFG Investments LLC Has $525,000 Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

PFG Investments LLC increased its position in JetBlue Airways Co. (NASDAQ:JBLU) by 507.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,691 shares of the transportation company’s stock after buying an additional 59,045 shares during the quarter. PFG Investments LLC’s holdings in JetBlue Airways were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in JetBlue Airways during the 1st quarter worth $25,000. Performa Ltd US LLC raised its position in shares of JetBlue Airways by 96.6% during the third quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after acquiring an additional 2,800 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of JetBlue Airways by 169.8% in the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after acquiring an additional 2,377 shares during the period. Signaturefd LLC lifted its stake in shares of JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after acquiring an additional 2,751 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in JetBlue Airways by 41.3% in the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,861 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JBLU. Barclays initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 price target for the company. Bank of America downgraded shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. JPMorgan Chase & Co. cut their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Evercore ISI increased their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Finally, Susquehanna boosted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, JetBlue Airways has an average rating of “Hold” and a consensus target price of $5.78.

JetBlue Airways Stock Up 2.1 %

JBLU stock traded up $0.12 during trading on Monday, reaching $5.90. 10,770,540 shares of the stock were exchanged, compared to its average volume of 16,810,557. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.78. JetBlue Airways Co. has a twelve month low of $3.42 and a twelve month high of $9.45. The firm’s 50 day moving average is $6.84 and its 200 day moving average is $5.68. The firm has a market cap of $2.01 billion, a P/E ratio of -2.39 and a beta of 1.86.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm earned ($0.34) earnings per share. JetBlue Airways’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, research analysts forecast that JetBlue Airways Co. will post -1.01 EPS for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.