Y Intercept Hong Kong Ltd Has $870,000 Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Y Intercept Hong Kong Ltd lowered its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 63.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,743 shares of the transportation company’s stock after selling 190,045 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in JetBlue Airways were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBLU. Creative Planning lifted its holdings in shares of JetBlue Airways by 14.1% during the third quarter. Creative Planning now owns 95,947 shares of the transportation company’s stock worth $629,000 after buying an additional 11,885 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of JetBlue Airways by 397.9% during the third quarter. International Assets Investment Management LLC now owns 82,623 shares of the transportation company’s stock worth $542,000 after buying an additional 66,028 shares in the last quarter. Jeppson Wealth Management LLC lifted its holdings in shares of JetBlue Airways by 15.7% during the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock worth $90,000 after buying an additional 1,850 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of JetBlue Airways by 11.3% during the third quarter. Victory Capital Management Inc. now owns 153,582 shares of the transportation company’s stock worth $1,007,000 after buying an additional 15,641 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of JetBlue Airways during the third quarter worth $794,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Buying and Selling at JetBlue Airways

In other news, Director Nik Mittal acquired 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now directly owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JBLU. Bank of America reissued an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Susquehanna decreased their price target on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Barclays raised their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Finally, UBS Group decreased their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $6.26.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $6.50 on Friday. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The business’s 50-day moving average price is $7.22 and its two-hundred day moving average price is $6.52. The stock has a market cap of $2.29 billion, a PE ratio of -2.78 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the business earned ($0.19) EPS. As a group, analysts expect that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

JetBlue Airways 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.