Stifel Financial Corp Buys 92,468 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Stifel Financial Corp grew its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 21.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 525,024 shares of the transportation company’s stock after purchasing an additional 92,468 shares during the quarter. Stifel Financial Corp’s holdings in JetBlue Airways were worth $3,444,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JBLU. Dimensional Fund Advisors LP raised its holdings in JetBlue Airways by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after acquiring an additional 521,767 shares during the period. American Century Companies Inc. increased its stake in shares of JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $37,141,000 after purchasing an additional 663,865 shares during the last quarter. Point72 Asset Management L.P. boosted 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 period. Finally, Empowered Funds LLC grew its holdings in JetBlue Airways by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 1,289,237 shares of the transportation company’s stock valued at $8,457,000 after buying an additional 65,660 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JBLU. Citigroup lifted their target price on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Susquehanna raised their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays boosted their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Finally, UBS Group reaffirmed a “sell” rating and issued a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $6.57.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $7.05 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $2.45 billion, a PE ratio of -2.79 and a beta of 1.92. JetBlue Airways Co. has a twelve month low of $4.49 and a twelve month high of $8.07. The stock’s 50-day simple moving average is $6.59 and its 200 day simple moving average is $6.00.

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

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.