Acrospire Investment Management LLC increased its stake in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 22.6% during the second quarter, Holdings Channel reports. The institutional investor owned 6,500 shares of the company’s stock after buying an additional 1,200 shares during the period. Acrospire Investment Management LLC’s holdings in JetBlue Airways Corp. were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. increased its position in shares of JetBlue Airways Corp. by 2.0% in the first quarter. Stratos Wealth Partners LTD. now owns 11,481 shares of the company’s stock worth $242,000 after buying an additional 220 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of JetBlue Airways Corp. by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,340 shares of the company’s stock worth $171,000 after buying an additional 286 shares during the period. Shufro Rose & Co. LLC increased its position in shares of JetBlue Airways Corp. by 3.4% in the first quarter. Shufro Rose & Co. LLC now owns 10,387 shares of the company’s stock worth $219,000 after buying an additional 337 shares during the period. Sigma Planning Corp increased its position in shares of JetBlue Airways Corp. by 4.5% in the first quarter. Sigma Planning Corp now owns 13,886 shares of the company’s stock worth $293,000 after buying an additional 596 shares during the period. Finally, Eqis Capital Management Inc. increased its position in shares of JetBlue Airways Corp. by 5.5% in the second quarter. Eqis Capital Management Inc. now owns 12,151 shares of the company’s stock worth $201,000 after buying an additional 633 shares during the period. 80.21% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Corp. (NASDAQ:JBLU) traded up 0.06% during midday trading on Tuesday, hitting $17.23. The stock had a trading volume of 2,546,716 shares. The firm has a 50 day moving average price of $16.67 and a 200 day moving average price of $18.25. The stock has a market cap of $5.58 billion, a PE ratio of 7.65 and a beta of 0.44. JetBlue Airways Corp. has a one year low of $14.76 and a one year high of $27.09.

JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The business earned $1.60 billion during 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%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities analysts expect that JetBlue Airways Corp. will post $2.18 EPS for the current year.

A number of brokerages have recently issued reports on JBLU. Morgan Stanley reissued a “hold” rating and set a $18.00 target price on shares of JetBlue Airways Corp. in a research note on Thursday, July 28th. Vetr downgraded JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 target price for the company. in a research note on Tuesday, July 26th. Zacks Investment Research downgraded JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Credit Suisse Group AG reissued a “hold” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, May 25th. Finally, Barclays PLC reissued an “overweight” rating on shares of JetBlue Airways Corp. in a research note on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.96.

In related news, EVP James G. Hnat sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $17.27, for a total transaction of $172,700.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robin Hayes sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $16.18, for a total value of $80,900.00. Following the sale, the chief executive officer now directly owns 359,881 shares in the company, valued at approximately $5,822,874.58. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.

5 Day Chart for NASDAQ:JBLU

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