Corient Private Wealth LLC Raises Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Corient Private Wealth LLC increased its stake in shares of JetBlue Airways Co. (NASDAQ:JBLUFree Report) by 10.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 84,818 shares of the transportation company’s stock after acquiring an additional 7,891 shares during the period. Corient Private Wealth LLC’s holdings in JetBlue Airways were worth $471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of JetBlue Airways by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock valued at $168,845,000 after purchasing an additional 3,099,071 shares in the last quarter. U S Global Investors Inc. raised its position in shares of JetBlue Airways by 24.2% in the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock valued at $54,286,000 after purchasing an additional 1,903,910 shares in the last quarter. Invesco Ltd. raised its position in shares of JetBlue Airways by 107.2% in the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock valued at $15,925,000 after purchasing an additional 1,791,273 shares in the last quarter. American Century Companies Inc. raised its position in shares of JetBlue Airways by 49.6% in the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock valued at $21,052,000 after purchasing an additional 1,518,328 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of JetBlue Airways by 136.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock valued at $11,412,000 after purchasing an additional 1,431,113 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on JBLU. Susquehanna upped their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and upped their price target for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. Barclays dropped their price target on JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Monday, May 6th. Evercore ISI upped their price target on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. dropped their price target on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.75.

Get Our Latest Stock Report on JetBlue Airways

JetBlue Airways Price Performance

Shares of JBLU opened at $5.49 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of -2.22 and a beta of 1.91. The stock has a fifty day moving average price of $6.15 and a 200 day moving average price of $5.95. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $9.45.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the business posted ($0.34) earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts forecast that JetBlue Airways Co. will post -1.14 earnings per share for the current year.

JetBlue Airways Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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