Trading Report: Today, Arizona State Retirement System Buys 400 Shares of JetBlue Airways Corp. (JBLU)

Today, Arizona State Retirement System Buys 400 Shares of JetBlue Airways Corp. (JBLU)

Arizona State Retirement System boosted its stake in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,878 shares of the company’s stock after buying an additional 400 shares during the period. Arizona State Retirement System’s holdings in JetBlue Airways Corp. were worth $2,480,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its position in JetBlue Airways Corp. by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,382 shares of the company’s stock valued at $179,000 after buying an additional 42 shares during the period. MSI Financial Services Inc raised its position in JetBlue Airways Corp. by 0.6% in the third quarter. MSI Financial Services Inc now owns 15,750 shares of the company’s stock valued at $272,000 after buying an additional 88 shares during the period. Paradigm Asset Management Co. LLC raised its position in JetBlue Airways Corp. by 0.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 30,400 shares of the company’s stock valued at $503,000 after buying an additional 100 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in JetBlue Airways Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 55,617 shares of the company’s stock valued at $921,000 after buying an additional 222 shares during the period. Finally, Eqis Capital Management Inc. raised its position in JetBlue Airways Corp. by 5.5% in the second quarter. Eqis Capital Management Inc. now owns 12,151 shares of the company’s stock valued at $201,000 after buying an additional 633 shares during the period. 80.01% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Corp. (NASDAQ:JBLU) opened at 21.06 on Friday. JetBlue Airways Corp. has a 12 month low of $14.76 and a 12 month high of $27.00. The stock’s 50 day moving average is $18.60 and its 200 day moving average is $17.59. The firm has a market cap of $6.82 billion, a PE ratio of 9.35 and a beta of 0.30.

JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. JetBlue Airways Corp. had a return on equity of 21.13% and a net margin of 11.66%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business earned $0.58 earnings per share. JetBlue Airways Corp.’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that JetBlue Airways Corp. will post $2.14 earnings per share for the current year.

Several equities analysts have recently weighed in on the stock. Vetr lowered shares of JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $19.14 target price for the company. in a report on Tuesday, September 13th. Morgan Stanley reissued a “hold” rating and issued a $19.00 price target on shares of JetBlue Airways Corp. in a report on Sunday, August 21st. Credit Suisse Group AG set a $20.00 price target on shares of JetBlue Airways Corp. and gave the stock a “hold” rating in a report on Monday, September 12th. Imperial Capital began coverage on shares of JetBlue Airways Corp. in a report on Friday, September 16th. They issued an “outperform” rating and a $21.00 price target for the company. Finally, Zacks Investment Research lowered shares of JetBlue Airways Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.92.

In related news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $20.23, for a total transaction of $121,380.00. Following the completion of the sale, the executive vice president now directly owns 26,564 shares of the company’s stock, valued at $537,389.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $17.42, for a total value of $34,840.00. Following the sale, the chief executive officer now directly owns 357,881 shares of the company’s stock, valued at $6,234,287.02. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

About JetBlue Airways Corp.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

Related posts

Leave a Comment