Handelsbanken Fonder AB Buys 16,400 Shares of JetBlue Airways Corporation $JBLU

Handelsbanken Fonder AB raised its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 28.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 74,200 shares of the transportation company’s stock after purchasing an additional 16,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in JetBlue Airways were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in JBLU. Cetera Investment Advisers increased its stake in JetBlue Airways by 10.7% during the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,954 shares during the period. Pinnacle Holdings LLC increased its position in shares of JetBlue Airways by 1.3% during the first quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company’s stock valued at $1,145,000 after purchasing an additional 3,113 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of JetBlue Airways by 7.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 78,237 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 5,588 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of JetBlue Airways by 10.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 73,178 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 6,957 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in JetBlue Airways by 77.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 16,462 shares of the transportation company’s stock worth $79,000 after purchasing an additional 7,211 shares during the period. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JBLU. Susquehanna increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. UBS Group raised their price target 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. Finally, TD Cowen lifted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday, September 8th. Seven equities research 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 presently has an average rating of “Reduce” and an average target price of $5.25.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $4.57 on Monday. JetBlue Airways Corporation has a 1 year low of $3.34 and a 1 year high of $8.31. The company has a current ratio of 0.82, a quick ratio of 0.84 and a debt-to-equity ratio of 3.42. The firm’s 50 day moving average is $4.53 and its 200-day moving average is $4.68. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -3.46 and a beta of 1.85.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company posted ($0.16) EPS. JetBlue Airways’s revenue was down 1.8% on a year-over-year basis. Sell-side analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

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.