Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,200 shares of the transportation company’s stock, valued at approximately $1,032,000.
A number of other hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $138,000. Americafirst Capital Management LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $141,000. James Investment Research Inc. acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $150,000. Kistler Tiffany Companies LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $155,000. Finally, CENTRAL TRUST Co acquired a new position in shares of JetBlue Airways Corporation during the second quarter valued at about $162,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.
JetBlue Airways Corporation (NASDAQ JBLU) traded down 1.02% on Friday, hitting $20.28. The stock had a trading volume of 5,206,068 shares. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 10.29 and a beta of 0.53. JetBlue Airways Corporation has a 52 week low of $15.70 and a 52 week high of $24.13. The company has a 50-day moving average price of $22.43 and a 200-day moving average price of $21.44.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Equities research analysts anticipate that JetBlue Airways Corporation will post $2.03 earnings per share for the current fiscal year.
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Several equities analysts have issued reports on JBLU shares. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Bank of America Corporation boosted their target price on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Vetr downgraded JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $25.22 target price for the company. in a research report on Thursday, May 25th. Finally, Morgan Stanley boosted their target price on JetBlue Airways Corporation from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.60.
In other news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the transaction, the executive vice president now owns 25,992 shares in the company, valued at approximately $571,304.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.03, for a total value of $44,060.00. Following the completion of the transaction, the chief executive officer now owns 406,362 shares in the company, valued at approximately $8,952,154.86. The disclosure for this sale can be found here. Insiders have sold a total of 28,740 shares of company stock valued at $646,976 in the last quarter. Company insiders own 0.60% of the company’s stock.
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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