Signal Advisors Wealth LLC Makes New Investment in JetBlue Airways Corporation $JBLU

Signal Advisors Wealth LLC bought a new position in JetBlue Airways Corporation (NASDAQ:JBLU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,920 shares of the transportation company’s stock, valued at approximately $88,000.

A number of other large investors have also modified their holdings of the business. GW Henssler & Associates Ltd. purchased a new stake in JetBlue Airways in the 1st quarter worth approximately $52,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of JetBlue Airways in the 1st quarter worth $53,000. Teacher Retirement System of Texas acquired a new stake in shares of JetBlue Airways in the 1st quarter worth $61,000. Caitong International Asset Management Co. Ltd increased its position in shares of JetBlue Airways by 201.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company’s stock worth $76,000 after purchasing an additional 10,519 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of JetBlue Airways during the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reiterated an “underweight” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Citigroup set a $5.00 price objective on JetBlue Airways and gave the company a “neutral” rating in a research note on Tuesday, July 29th. UBS Group lifted their price objective on JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research note on Friday, September 5th. Susquehanna reiterated a “neutral” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Finally, TD Cowen raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, September 8th. Eight analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, JetBlue Airways presently has a consensus rating of “Reduce” and a consensus price target of $5.16.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $5.03 on Friday. The firm has a market capitalization of $1.83 billion, a P/E ratio of -4.57 and a beta of 1.81. 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 stock has a fifty day moving average price of $4.85 and a 200 day moving average price of $4.72. JetBlue Airways Corporation has a 52 week low of $3.34 and a 52 week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced 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 during the quarter, compared to analyst estimates of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. Equities research analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current year.

About JetBlue Airways

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.