Private Advisor Group LLC Buys 2,717 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Private Advisor Group LLC raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 12.5% during the fourth quarter, HoldingsChannel reports. The fund owned 24,470 shares of the transportation company’s stock after acquiring an additional 2,717 shares during the quarter. Private Advisor Group LLC’s holdings in JetBlue Airways were worth $136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JBLU. Vanguard Group Inc. raised its position in JetBlue Airways by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after purchasing an additional 3,099,071 shares during the period. Donald Smith & CO. Inc. raised its holdings in shares of JetBlue Airways by 12.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 12,450,690 shares of the transportation company’s stock worth $69,101,000 after buying an additional 1,354,786 shares during the period. U S Global Investors Inc. raised its holdings in shares of JetBlue Airways by 24.2% in the fourth quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after buying an additional 1,903,910 shares during the period. American Century Companies Inc. lifted its stake in shares of JetBlue Airways by 49.6% during the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock worth $21,052,000 after acquiring an additional 1,518,328 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in JetBlue Airways by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,675,198 shares of the transportation company’s stock valued at $16,906,000 after acquiring an additional 162,073 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $5.45 on Monday. The company has a market cap of $1.85 billion, a PE ratio of -2.21 and a beta of 1.89. JetBlue Airways Co. has a 52-week low of $3.42 and a 52-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. The firm’s 50 day moving average price is $6.46 and its 200-day moving average price is $5.89.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.34) EPS. Sell-side analysts forecast that JetBlue Airways Co. will post -1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBLU. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. UBS Group initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Barclays decreased their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Monday, May 6th. Finally, Susquehanna boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.68.

JetBlue Airways Company 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.