JetBlue Airways Co. (JBLU) Shares Bought by Mitsubishi UFJ Asset Management UK Ltd.
Mitsubishi UFJ Asset Management UK Ltd. grew its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 50.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,200 shares of the transportation company’s stock after purchasing an additional 23,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in JetBlue Airways were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of JBLU. Cetera Advisors LLC acquired a new stake in shares of JetBlue Airways in the 3rd quarter valued at approximately $199,000. Investment Centers of America Inc. acquired a new stake in JetBlue Airways during the 2nd quarter worth approximately $205,000. Rational Advisors LLC acquired a new stake in JetBlue Airways during the 3rd quarter worth approximately $217,000. DekaBank Deutsche Girozentrale boosted its position in JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock worth $232,000 after buying an additional 4,801 shares during the period. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new stake in JetBlue Airways during the 2nd quarter worth approximately $237,000. Institutional investors own 89.82% of the company’s stock.
JBLU has been the topic of several recent research reports. Bank of America downgraded shares of JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research report on Tuesday, January 9th. Deutsche Bank lifted their target price on shares of JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. BidaskClub downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Macquarie initiated coverage on shares of JetBlue Airways in a research report on Monday, September 25th. They set a “neutral” rating and a $21.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.09.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. JetBlue Airways’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. equities research analysts anticipate that JetBlue Airways Co. will post 1.76 EPS for the current fiscal year.
JetBlue Airways announced that its Board of Directors has approved a share buyback plan on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $18.96, for a total value of $97,075.20. Following the completion of the sale, the director now owns 539,702 shares in the company, valued at approximately $10,232,749.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.38, for a total transaction of $42,760.00. Following the completion of the sale, the chief executive officer now owns 398,535 shares of the company’s stock, valued at approximately $8,520,678.30. The disclosure for this sale can be found here. Insiders sold a total of 19,665 shares of company stock valued at $412,388 in the last quarter. 0.60% of the stock is currently owned by company insiders.
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About JetBlue Airways
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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