Strs Ohio Buys Shares of 40,800 JetBlue Airways Corporation $JBLU

Strs Ohio bought a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 40,800 shares of the transportation company’s stock, valued at approximately $197,000.

Several other institutional investors also recently bought and sold shares of JBLU. Vident Advisory LLC boosted its stake in JetBlue Airways by 10.9% in the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 2,284 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of JetBlue Airways by 8.0% during 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 buying an additional 14,268 shares during the period. Vise Technologies Inc. acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $89,000. Forum Financial Management LP acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $111,000. Finally, GAMMA Investing LLC lifted its stake in shares of JetBlue Airways by 164.9% during the first quarter. GAMMA Investing LLC now owns 22,124 shares of the transportation company’s stock worth $107,000 after buying an additional 13,771 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Trading Up 0.6%

NASDAQ JBLU opened at $5.08 on Thursday. The company has a market capitalization of $1.85 billion, a PE ratio of -4.62 and a beta of 1.81. The company has a fifty day moving average of $4.89 and a 200 day moving average of $4.71. JetBlue Airways Corporation has a 1 year low of $3.34 and a 1 year high of $8.31. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84.

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

Wall Street Analyst Weigh In

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