Belpointe Asset Management LLC Acquires Shares of 6,005 JetBlue Airways Co. (NASDAQ:JBLU)

Belpointe Asset Management LLC acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,005 shares of the transportation company’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its position in shares of JetBlue Airways by 91.9% during the fourth quarter. Allworth Financial LP now owns 4,376 shares of the transportation company’s stock worth $28,000 after acquiring an additional 2,096 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of JetBlue Airways during the second quarter worth $33,000. Signaturefd LLC lifted its position in shares of JetBlue Airways by 313.5% during the third quarter. Signaturefd LLC now owns 11,214 shares of the transportation company’s stock worth $74,000 after acquiring an additional 8,502 shares in the last quarter. IFP Advisors Inc lifted its position in shares of JetBlue Airways by 483.5% during the third quarter. IFP Advisors Inc now owns 4,073 shares of the transportation company’s stock worth $76,000 after acquiring an additional 3,375 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in shares of JetBlue Airways during the third quarter worth $78,000. 66.29% of the stock is owned by institutional investors.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $6.83 on Friday. JetBlue Airways Co. has a twelve month low of $6.18 and a twelve month high of $10.97. The firm has a market cap of $2.24 billion, a P/E ratio of -7.45 and a beta of 1.58. The company has a 50 day moving average of $6.95 and a 200 day moving average of $7.50. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.98.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The transportation company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.04. JetBlue Airways had a negative net margin of 3.07% and a negative return on equity of 3.54%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business earned ($0.80) EPS. The firm’s revenue for the quarter was up 34.1% on a year-over-year basis. As a group, research analysts expect that JetBlue Airways Co. will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on JetBlue Airways from $10.00 to $8.00 in a research report on Monday, May 8th. Wolfe Research lifted their price objective on JetBlue Airways from $6.00 to $7.00 in a research report on Friday, January 27th. Finally, StockNews.com initiated coverage on JetBlue Airways in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.65.

About JetBlue Airways

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and the most legroom.