Public Sector Pension Investment Board Grows Stock Holdings in JetBlue Airways Corporation $JBLU

Public Sector Pension Investment Board grew its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 9.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,134,823 shares of the transportation company’s stock after purchasing an additional 95,908 shares during the period. Public Sector Pension Investment Board owned approximately 0.31% of JetBlue Airways worth $5,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its holdings in JetBlue Airways by 12,727.3% in the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after buying an additional 7,000 shares in the last quarter. HUB Investment Partners LLC acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at about $45,000. Rafferty Asset Management LLC purchased a new stake in shares of JetBlue Airways in the second quarter valued at about $51,000. NewEdge Advisors LLC increased its position in JetBlue Airways by 1,113.2% during the second quarter. NewEdge Advisors LLC now owns 13,078 shares of the transportation company’s stock worth $55,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Forum Financial Management LP purchased a new position in JetBlue Airways during the third quarter worth about $59,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JBLU stock opened at $6.46 on Thursday. The business’s fifty day moving average price is $5.19 and its 200 day moving average price is $4.90. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $7.72. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 3.65. The company has a market capitalization of $2.39 billion, a PE ratio of -3.87 and a beta of 1.78.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. On average, sell-side analysts anticipate that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JBLU shares. Evercore raised their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, January 22nd. Citigroup upgraded JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 target price on the stock in a research report on Tuesday, February 3rd. The Goldman Sachs Group increased their price target on JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a report on Tuesday, January 13th. Finally, Susquehanna boosted their price objective on shares of JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Eight research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, JetBlue Airways has a consensus rating of “Reduce” and a consensus price target of $5.27.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.