Advisors Asset Management Inc. Has $432,000 Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Advisors Asset Management Inc. increased its stake in shares of JetBlue Airways Co. (NASDAQ:JBLUGet Rating) by 79.2% during the second quarter, HoldingsChannel reports. The fund owned 51,635 shares of the transportation company’s stock after buying an additional 22,827 shares during the period. Advisors Asset Management Inc.’s holdings in JetBlue Airways were worth $432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Herold Advisors Inc. bought a new position in JetBlue Airways in the first quarter valued at $31,000. Activest Wealth Management grew its position in JetBlue Airways by 127.2% in the second quarter. Activest Wealth Management now owns 7,511 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 4,205 shares in the last quarter. Captrust Financial Advisors grew its position in JetBlue Airways by 20.9% in the first quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company’s stock valued at $118,000 after purchasing an additional 1,365 shares in the last quarter. CWM LLC grew its position in JetBlue Airways by 217.2% in the second quarter. CWM LLC now owns 8,376 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 5,735 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in JetBlue Airways in the first quarter valued at $151,000. 72.18% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $7.86 on Friday. JetBlue Airways Co. has a twelve month low of $6.21 and a twelve month high of $16.39. The company has a quick ratio of 0.65, a current ratio of 0.67 and a debt-to-equity ratio of 0.92. The company has a 50-day simple moving average of $7.39 and a two-hundred day simple moving average of $8.42. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -4.94 and a beta of 1.51.

JetBlue Airways (NASDAQ:JBLUGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The transportation company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). JetBlue Airways had a negative return on equity of 12.67% and a negative net margin of 6.00%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm earned ($0.12) EPS. JetBlue Airways’s revenue for the quarter was up 29.9% compared to the same quarter last year. Analysts forecast that JetBlue Airways Co. will post -0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Evercore ISI decreased their price objective on shares of JetBlue Airways to $8.00 in a research report on Tuesday, August 9th. Bank of America assumed coverage on shares of JetBlue Airways in a research report on Thursday, August 4th. They issued a “neutral” rating and a $10.00 price objective for the company. StockNews.com raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Melius assumed coverage on shares of JetBlue Airways in a research report on Monday, August 15th. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of JetBlue Airways from $16.00 to $10.00 in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.68.

JetBlue Airways Profile

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JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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