Alps Advisors Inc. purchased a new position in JetBlue Airways Corporation (NASDAQ:JBLU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 33,717 shares of the transportation company’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of JBLU. Alliancebernstein L.P. increased its stake in shares of JetBlue Airways Corporation by 1,135.5% in the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after acquiring an additional 2,690,638 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of JetBlue Airways Corporation by 68.9% in the third quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock worth $66,719,000 after acquiring an additional 1,468,416 shares during the last quarter. Prudential Financial Inc. increased its stake 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 worth $56,048,000 after acquiring an additional 1,410,594 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of JetBlue Airways Corporation by 35.0% in the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock worth $84,649,000 after acquiring an additional 961,535 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of JetBlue Airways Corporation in the second quarter worth $21,689,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.89, for a total transaction of $39,780.00. Following the completion of the sale, the chief executive officer now directly owns 404,362 shares in the company, valued at $8,042,760.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $18.96, for a total transaction of $97,075.20. Following the sale, the director now owns 539,702 shares of the company’s stock, valued at $10,232,749.92. The disclosure for this sale can be found here. Insiders have sold 24,860 shares of company stock valued at $474,419 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

JetBlue Airways Corporation (JBLU) traded up $0.68 during mid-day trading on Wednesday, reaching $19.63. 5,332,100 shares of the company’s stock were exchanged, compared to its average volume of 5,937,264. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. JetBlue Airways Corporation has a one year low of $18.05 and a one year high of $24.13. The company has a market capitalization of $6,076.26, a PE ratio of 9.77 and a beta of 0.65.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. equities analysts forecast that JetBlue Airways Corporation will post 1.73 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on JBLU shares. Standpoint Research started coverage on shares of JetBlue Airways Corporation in a research note on Friday, September 1st. They issued an “accumulate” rating and a $26.00 price target on the stock. ValuEngine downgraded shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Deutsche Bank AG upped their price target on shares of JetBlue Airways Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $21.00 price target on shares of JetBlue Airways Corporation in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. JetBlue Airways Corporation presently has a consensus rating of “Hold” and a consensus target price of $25.02.

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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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