Schroder Investment Management Group Raises Stake in JetBlue Airways Corp. (JBLU)
Schroder Investment Management Group raised its position in JetBlue Airways Corp. (NASDAQ:JBLU) by 275.3% during the second quarter, Holdings Channel reports. The institutional investor owned 115,600 shares of the company’s stock after buying an additional 84,800 shares during the period. Schroder Investment Management Group’s holdings in JetBlue Airways Corp. were worth $1,914,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its stake in 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 last quarter. Public Employees Retirement Association of Colorado boosted its stake 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 in the last quarter. Shufro Rose & Co. LLC boosted its stake 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 in the last quarter. Sigma Planning Corp boosted its stake 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 in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake 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 in the last quarter. 79.66% of the stock is owned by hedge funds and other institutional investors.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded down 0.23% during trading on Friday, reaching $17.26. The company had a trading volume of 2,635,212 shares. JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.09. The company has a 50 day moving average of $16.66 and a 200-day moving average of $18.20. The firm has a market capitalization of $5.59 billion, a P/E ratio of 7.66 and a beta of 0.44.
JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.44 earnings per share. Equities analysts expect that JetBlue Airways Corp. will post $2.19 earnings per share for the current year.
JBLU has been the topic of a number of recent analyst reports. Barclays PLC restated an “overweight” rating on shares of JetBlue Airways Corp. in a research note on Thursday, May 26th. Cowen and Company restated a “buy” rating and set a $23.00 price objective on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Raymond James Financial Inc. restated an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. Zacks Investment Research cut shares of JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Finally, Credit Suisse Group AG restated an “underweight” rating on shares of JetBlue Airways Corp. in a research note on Saturday, June 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. JetBlue Airways Corp. presently has a consensus rating of “Buy” and an average price target of $23.96.
In other 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 transaction of $172,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $18.27, for a total value of $93,542.40. Following the transaction, the director now directly owns 604,893 shares in the company, valued at approximately $11,051,395.11. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.
About JetBlue Airways Corp.
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.
Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Corp. (NASDAQ:JBLU).
Receive News & Ratings for JetBlue Airways Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corp. and related companies with MarketBeat.com's FREE daily email newsletter.