JetBlue Airways Corporation $JBLU Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 77.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,462 shares of the transportation company’s stock after acquiring an additional 7,211 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JetBlue Airways were worth $79,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of JBLU. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of JetBlue Airways during the first quarter valued at $53,000. Teacher Retirement System of Texas acquired a new position in shares of JetBlue Airways during the first quarter valued at $61,000. Caitong International Asset Management Co. Ltd raised its stake in shares of JetBlue Airways by 201.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 10,519 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of JetBlue Airways during the first quarter valued at about $78,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of JetBlue Airways during the fourth quarter valued at about $79,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $5.08 on Friday. The stock’s 50-day moving average price is $4.71 and its two-hundred day moving average price is $4.83. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The company has a market cap of $1.85 billion, a PE ratio of -4.62 and a beta of 1.81. JetBlue Airways Corporation has a 1 year low of $3.34 and a 1 year high of $8.31.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JBLU shares. Susquehanna restated a “neutral” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Citigroup set a $5.00 price target on shares of JetBlue Airways and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Barclays reiterated an “underweight” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. UBS Group boosted their price target on shares of JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research report on Friday. Finally, Wall Street Zen upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.18.

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.