First Trust Direct Indexing L.P. Invests $70,000 in JetBlue Airways Co. (NASDAQ:JBLU)

First Trust Direct Indexing L.P. bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the 4th quarter, HoldingsChannel.com reports. The firm bought 12,645 shares of the transportation company’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in JetBlue Airways by 12.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 187,730 shares of the transportation company’s stock valued at $864,000 after purchasing an additional 20,468 shares in the last quarter. New York State Teachers Retirement System grew its position in JetBlue Airways by 7.6% in the third quarter. New York State Teachers Retirement System now owns 432,175 shares of the transportation company’s stock valued at $1,988,000 after acquiring an additional 30,339 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in JetBlue Airways by 35.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,502 shares of the transportation company’s stock worth $108,000 after acquiring an additional 6,108 shares in the last quarter. Mackenzie Financial Corp raised its stake in JetBlue Airways by 47.7% during the third quarter. Mackenzie Financial Corp now owns 31,054 shares of the transportation company’s stock worth $140,000 after acquiring an additional 10,030 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of JetBlue Airways by 52.2% during the third quarter. Strs Ohio now owns 165,700 shares of the transportation company’s stock valued at $762,000 after acquiring an additional 56,800 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Up 0.5 %

Shares of JBLU opened at $5.69 on Thursday. The stock’s fifty day simple moving average is $6.72 and its 200-day simple moving average is $5.74. The firm has a market capitalization of $1.94 billion, a PE ratio of -2.30 and a beta of 1.89. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $9.45. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.78.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on JBLU shares. TD Cowen lowered their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. UBS Group began coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 target price for the company. Susquehanna increased their price target 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, Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and raised their price target for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.68.

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.