Assenagon Asset Management S.A. Purchases 1,465,500 Shares of JetBlue Airways Corporation $JBLU

Assenagon Asset Management S.A. grew its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 755.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,659,497 shares of the transportation company’s stock after buying an additional 1,465,500 shares during the quarter. Assenagon Asset Management S.A. owned 0.47% of JetBlue Airways worth $7,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vident Advisory LLC boosted its position in JetBlue Airways by 10.9% in the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock worth $182,000 after purchasing an additional 2,284 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in JetBlue Airways by 8.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,054 shares of the transportation company’s stock worth $1,517,000 after purchasing an additional 14,268 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of JetBlue Airways during the 4th quarter worth $89,000. Forum Financial Management LP bought a new stake in shares of JetBlue Airways during the 4th quarter worth $111,000. Finally, GAMMA Investing LLC raised its stake in shares of JetBlue Airways by 164.9% during the 1st quarter. GAMMA Investing LLC now owns 22,124 shares of the transportation company’s stock worth $107,000 after purchasing an additional 13,771 shares during the period. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

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

JetBlue Airways Price Performance

JBLU stock opened at $5.05 on Wednesday. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -4.59 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. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The company’s 50 day moving average is $4.88 and its 200 day moving average is $4.71.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.15. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. Sell-side analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal 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.