Trade Report: The JetBlue Airways Corp. (JBLU) Stake Increased by BlackRock Advisors LLC

The JetBlue Airways Corp. (JBLU) Stake Increased by BlackRock Advisors LLC

BlackRock Advisors LLC boosted its stake in JetBlue Airways Corp. (NASDAQ:JBLU) by 11.0% during the second quarter, Holdings Channel reports. The institutional investor owned 575,320 shares of the company’s stock after buying an additional 57,200 shares during the period. BlackRock Advisors LLC owned 0.18% of JetBlue Airways Corp. worth $9,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Adirondack Research & Management Inc. boosted its position in shares of JetBlue Airways Corp. by 78.8% in the second quarter. Adirondack Research & Management Inc. now owns 173,805 shares of the company’s stock valued at $2,878,000 after buying an additional 76,600 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of JetBlue Airways Corp. by 69.9% in the second quarter. Tower Research Capital LLC TRC now owns 22,529 shares of the company’s stock worth $374,000 after buying an additional 9,267 shares during the last quarter. PineBridge Investments L.P. raised its stake in shares of JetBlue Airways Corp. by 6.6% in the second quarter. PineBridge Investments L.P. now owns 249,852 shares of the company’s stock worth $4,137,000 after buying an additional 15,462 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock worth $445,345,000 after buying an additional 1,560,560 shares during the last quarter. Finally, Sii Investments Inc. WI raised its stake in shares of JetBlue Airways Corp. by 39.5% in the second quarter. Sii Investments Inc. WI now owns 88,639 shares of the company’s stock worth $1,465,000 after buying an additional 25,114 shares during the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.

JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.39 on Monday. The stock has a 50 day moving average price of $16.80 and a 200 day moving average price of $17.98. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 7.72 and a beta of 0.35. JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.09.

JetBlue Airways Corp. (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. JetBlue Airways Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. Analysts expect that JetBlue Airways Corp. will post $2.19 EPS for the current fiscal year.

A number of analysts recently commented on JBLU shares. Vetr lowered JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 price target for the company. in a research note on Thursday, July 14th. Cowen and Company reaffirmed a “buy” rating and issued a $23.00 price target on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Zacks Investment Research raised JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, October 4th. Credit Suisse Group AG set a $20.00 price target on JetBlue Airways Corp. and gave the stock a “hold” rating in a research note on Monday, September 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $19.00 price target on shares of JetBlue Airways Corp. in a research note on Sunday, August 21st. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. JetBlue Airways Corp. has an average rating of “Buy” and an average target price of $23.37.

In other JetBlue Airways Corp. news, EVP James G. Hnat sold 10,000 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $17.27, for a total value of $172,700.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $15.81, for a total value of $80,947.20. Following the completion of the transaction, the director now directly owns 599,773 shares in the company, valued at approximately $9,482,411.13. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

JetBlue Airways Corp. Company Profile

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.

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