JetBlue Airways Corporation $JBLU Shares Bought by Amundi

Amundi increased its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 962.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,588,941 shares of the transportation company’s stock after acquiring an additional 1,439,435 shares during the quarter. Amundi owned approximately 0.45% of JetBlue Airways worth $7,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in JetBlue Airways by 7.8% in the 1st quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company’s stock valued at $45,587,000 after buying an additional 685,880 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of JetBlue Airways by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,964,013 shares of the transportation company’s stock worth $33,567,000 after buying an additional 238,342 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in JetBlue Airways by 60.8% in the 4th quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company’s stock valued at $40,897,000 after purchasing an additional 1,968,343 shares in the last quarter. Invesco Ltd. lifted its holdings in JetBlue Airways by 0.8% in the 1st quarter. Invesco Ltd. now owns 4,100,391 shares of the transportation company’s stock valued at $19,764,000 after purchasing an additional 31,281 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in JetBlue Airways by 55.7% in the 1st quarter. Jump Financial LLC now owns 3,461,848 shares of the transportation company’s stock valued at $16,686,000 after purchasing an additional 1,238,494 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Down 1.2%

JBLU opened at $5.08 on Thursday. 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 moving average price of $4.76 and a 200 day moving average price of $4.81. The firm has a market cap of $1.85 billion, a P/E ratio of -4.62 and a beta of 1.81. JetBlue Airways Corporation has a twelve month low of $3.34 and a twelve month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.15. The company 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%. Research analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on JBLU shares. Raymond James Financial downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Citigroup set a $5.00 target price on JetBlue Airways and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Susquehanna restated a “neutral” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Barclays reiterated an “underweight” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Finally, TD Cowen raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday. Eight investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $5.16.

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.