JetBlue Airways Co. (NASDAQ:JBLU) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 521.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,885 shares of the transportation company’s stock after purchasing an additional 119,890 shares during the period. International Assets Investment Management LLC’s holdings in JetBlue Airways were worth $793,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Performa Ltd US LLC boosted its position in shares of JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after purchasing an additional 2,800 shares in the last quarter. Versant Capital Management Inc boosted its holdings in JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after buying an additional 1,861 shares in the last quarter. Signaturefd LLC grew its position in JetBlue Airways by 72.8% during the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after buying an additional 2,751 shares during the period. EP Wealth Advisors LLC purchased a new position in JetBlue Airways in the third quarter valued at about $47,000. Finally, Merit Financial Group LLC acquired a new stake in shares of JetBlue Airways during the 3rd quarter valued at approximately $48,000. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Down 18.8 %

Shares of NASDAQ JBLU opened at $6.10 on Wednesday. The firm’s 50 day moving average price is $6.94 and its 200 day moving average price is $5.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a market cap of $2.07 billion, a P/E ratio of -6.49 and a beta of 1.86. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.10. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. As a group, sell-side analysts anticipate that JetBlue Airways Co. will post -0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JBLU shares. Bank of America cut JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. Barclays initiated coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price target on the stock. Susquehanna lifted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Finally, Evercore ISI increased their target price on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.88.

About JetBlue Airways

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.