JetBlue Airways Target of Unusually High Options Trading (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) was the target of unusually large options trading on Tuesday. Traders bought 78,588 call options on the company. This is an increase of approximately 160% compared to the typical volume of 30,176 call options.

Institutional Trading of JetBlue Airways

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways in the fourth quarter worth approximately $40,000. Bogart Wealth LLC grew its holdings in JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares during the last quarter. R Squared Ltd acquired a new position in JetBlue Airways during the fourth quarter valued at approximately $58,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of JetBlue Airways by 1,769.4% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company’s stock worth $73,000 after acquiring an additional 8,847 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU opened at $5.42 on Wednesday. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $8.31. The company has a 50-day simple moving average of $4.49 and a 200-day simple moving average of $6.00. The company has a market cap of $1.92 billion, a PE ratio of -2.32 and a beta of 1.79. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm earned ($0.43) earnings per share. JetBlue Airways’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen raised JetBlue Airways to a “sell” rating in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. UBS Group reduced their target price on JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a report on Monday, April 7th. Raymond James cut JetBlue Airways from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Finally, Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, JetBlue Airways presently has an average rating of “Hold” and an average target price of $5.16.

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.