Systematic Financial Management LP acquired a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 332,225 shares of the transportation company’s stock, valued at approximately $7,585,000. Systematic Financial Management LP owned approximately 0.10% of JetBlue Airways Corporation at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Soros Fund Management LLC purchased a new stake in shares of JetBlue Airways Corporation in the first quarter valued at approximately $200,000. Cambridge Investment Research Advisors Inc. increased its position in shares of JetBlue Airways Corporation by 8.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock valued at $626,000 after buying an additional 2,442 shares in the last quarter. Prudential Financial Inc. increased its position in shares of JetBlue Airways Corporation by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after buying an additional 1,410,594 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of JetBlue Airways Corporation by 39.1% in the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after buying an additional 48,067 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of JetBlue Airways Corporation in the first quarter valued at approximately $11,480,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

JetBlue Airways Corporation (NASDAQ JBLU) opened at 18.70 on Monday. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 9.49 and a beta of 0.59. JetBlue Airways Corporation has a 1-year low of $15.86 and a 1-year high of $24.13. The firm’s 50-day moving average price is $20.94 and its 200-day moving average price is $21.43.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.53 EPS. JetBlue Airways Corporation’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that JetBlue Airways Corporation will post $1.97 earnings per share for the current year.

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In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total transaction of $45,740.00. Following the sale, the chief executive officer now owns 408,362 shares in the company, valued at approximately $9,339,238.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $23.13, for a total value of $118,425.60. Following the sale, the director now owns 560,182 shares in the company, valued at approximately $12,957,009.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,360 shares of company stock worth $637,000. 0.60% of the stock is owned by insiders.

A number of analysts have recently commented on the company. Morgan Stanley restated an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday, July 14th. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price objective on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub cut JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Bank of America Corporation boosted their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. JetBlue Airways Corporation presently has a consensus rating of “Hold” and an average price target of $25.32.

JetBlue Airways Corporation 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. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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Institutional Ownership by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

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