Charles Schwab Investment Management Inc. Grows Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Charles Schwab Investment Management Inc. increased its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,861,383 shares of the transportation company’s stock after acquiring an additional 186,185 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.16% of JetBlue Airways worth $21,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in shares of JetBlue Airways by 41.3% during the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after purchasing an additional 1,861 shares during the period. Signaturefd LLC boosted its stake in JetBlue Airways by 72.8% during the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after buying an additional 2,751 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of JetBlue Airways during the third quarter valued at about $47,000. Merit Financial Group LLC purchased a new stake in shares of JetBlue Airways in the 3rd quarter valued at approximately $48,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of JetBlue Airways in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Evercore ISI lifted their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. UBS Group started coverage on JetBlue Airways in a report on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. Finally, Susquehanna increased their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.68.

JetBlue Airways Stock Down 2.7 %

JBLU stock opened at $5.45 on Friday. The company’s 50 day moving average price is $6.46 and its 200 day moving average price is $5.88. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -2.21 and a beta of 1.89. JetBlue Airways Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.45. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) EPS. On average, equities research analysts anticipate that JetBlue Airways Co. will post -1.07 EPS for the current fiscal year.

About JetBlue Airways

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.