Universal Beteiligungs und Servicegesellschaft mbH Makes New $78,000 Investment in JetBlue Airways Corporation (NASDAQ:JBLU)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,100 shares of the transportation company’s stock, valued at approximately $78,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of JetBlue Airways in the 1st quarter worth approximately $53,000. Teacher Retirement System of Texas purchased a new position in shares of JetBlue Airways in the 1st quarter valued at $61,000. Strategic Investment Solutions Inc. IL increased its stake in JetBlue Airways by 1,769.4% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 8,847 shares during the period. Sterling Capital Management LLC increased its stake in JetBlue Airways by 833.0% in the fourth quarter. Sterling Capital Management LLC now owns 9,843 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 8,788 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of JetBlue Airways in the fourth quarter valued at about $79,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $4.36 on Wednesday. JetBlue Airways Corporation has a 52-week low of $3.34 and a 52-week high of $8.31. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The business has a 50 day simple moving average of $4.52 and a 200 day simple moving average of $5.13. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -3.96 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.26 billion. Analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JBLU shares. Barclays restated an “underweight” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. UBS Group set a $3.00 target price on shares of JetBlue Airways and gave the company a “sell” rating in a research report on Monday, July 7th. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Susquehanna reissued a “neutral” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Finally, Raymond James Financial lowered shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $5.16.

JetBlue Airways 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.