Strategic Advisors LLC Has $1,218,000 Holdings in JetBlue Airways Corporation (JBLU)
Strategic Advisors LLC continued to hold its position in JetBlue Airways Corporation (NASDAQ:JBLU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,350 shares of the transportation company’s stock at the end of the 2nd quarter. Strategic Advisors LLC’s holdings in JetBlue Airways Corporation were worth $1,218,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBLU. Quantbot Technologies LP bought a new position in JetBlue Airways Corporation during the 1st quarter worth about $138,000. CENTRAL TRUST Co bought a new position in JetBlue Airways Corporation during the 2nd quarter worth about $162,000. IFP Advisors Inc increased its holdings in JetBlue Airways Corporation by 38.1% during the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,117 shares in the last quarter. Soros Fund Management LLC bought a new position in JetBlue Airways Corporation during the 1st quarter worth about $200,000. Finally, Capital Management Associates NY bought a new position in JetBlue Airways Corporation during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 84.53% of the company’s stock.
A number of equities analysts have issued reports on the company. Cowen and Company reiterated a “hold” rating and set a $21.00 target price on shares of JetBlue Airways Corporation in a report on Friday, September 8th. Standpoint Research reiterated a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. ValuEngine cut JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Morgan Stanley lowered their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Finally, BidaskClub cut JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. JetBlue Airways Corporation currently has an average rating of “Hold” and a consensus target price of $25.77.
In other news, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $18.79, for a total transaction of $46,975.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $23.13, for a total transaction of $118,425.60. Following the sale, the director now directly owns 560,182 shares of the company’s stock, valued at $12,957,009.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,860 shares of company stock valued at $683,975. 0.60% of the stock is currently owned by insiders.
JetBlue Airways Corporation (NASDAQ:JBLU) traded down 2.07% during trading on Wednesday, hitting $19.37. 2,943,053 shares of the stock were exchanged. The firm’s 50-day moving average is $20.83 and its 200 day moving average is $21.45. JetBlue Airways Corporation has a 52 week low of $16.81 and a 52 week high of $24.13. The firm has a market cap of $6.37 billion, a PE ratio of 9.83 and a beta of 0.59.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Analysts expect that JetBlue Airways Corporation will post $1.94 earnings per share for the current fiscal year.
JetBlue Airways Corporation 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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