JetBlue Airways Co. (NASDAQ:JBLU) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 399.6% in the third quarter, Holdings Channel.com reports. The fund owned 107,246 shares of the transportation company’s stock after acquiring an additional 85,781 shares during the quarter. HighTower Advisors LLC’s holdings in JetBlue Airways were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JBLU. Point72 Asset Management L.P. raised its stake in JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after purchasing an additional 1,430,622 shares during the last quarter. American Century Companies Inc. raised its position in shares of JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after buying an additional 1,135,217 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of JetBlue Airways by 429.7% in the third quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after buying an additional 999,713 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in JetBlue Airways during the third quarter worth about $5,311,000. Finally, Charles Schwab Investment Management Inc. grew its stake in JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBLU. The Goldman Sachs Group restated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Barclays upped their target price on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. TD Cowen lifted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Susquehanna upped their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus target price of $6.55.

JetBlue Airways Price Performance

JBLU stock opened at $7.00 on Thursday. The business’s fifty day moving average price is $6.59 and its 200 day moving average price is $6.03. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.07. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The company has a market capitalization of $2.43 billion, a PE ratio of -2.78 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.39) earnings per share. On average, sell-side analysts anticipate that JetBlue Airways Co. will post -0.89 EPS for the current 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.