Short Interest in JetBlue Airways Corporation (JBLU) Rises By 46.8%
JetBlue Airways Corporation (NASDAQ:JBLU) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 17,655,448 shares, an increase of 46.8% from the August 31st total of 12,027,672 shares. Based on an average daily volume of 8,870,377 shares, the days-to-cover ratio is currently 2.0 days. Approximately 5.4% of the shares of the company are short sold.
In other JetBlue Airways Corporation news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were 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 $9,339,238.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,860 shares of company stock worth $661,095. 0.60% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in JetBlue Airways Corporation during the first quarter worth about $138,000. CENTRAL TRUST Co purchased a new stake in JetBlue Airways Corporation during the second quarter worth about $162,000. IFP Advisors Inc boosted its holdings in JetBlue Airways Corporation by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after buying an additional 2,117 shares in the last quarter. Capital Management Associates NY purchased a new stake in JetBlue Airways Corporation during the second quarter worth about $203,000. Finally, Investment Centers of America Inc. purchased a new stake in JetBlue Airways Corporation during the second quarter worth about $205,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. Morgan Stanley lowered their price target on shares of JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Standpoint Research reaffirmed a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. BidaskClub lowered shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $21.00 price target on shares of JetBlue Airways Corporation in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. JetBlue Airways Corporation currently has a consensus rating of “Hold” and a consensus price target of $25.40.
JetBlue Airways Corporation (NASDAQ:JBLU) opened at 18.53 on Friday. The company has a 50-day moving average of $20.33 and a 200-day moving average of $21.42. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 9.41 and a beta of 0.59. JetBlue Airways Corporation has a 52 week low of $16.81 and a 52 week high of $24.13.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (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 in the previous year, the business posted $0.53 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that JetBlue Airways Corporation will post $1.88 earnings per share for the current year.
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About JetBlue Airways Corporation
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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