Delek Group Ltd. bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 468,131 shares of the transportation company’s stock, valued at approximately $10,443,000. Delek Group Ltd. owned approximately 0.15% of JetBlue Airways as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of JBLU. New York State Common Retirement Fund grew its holdings in JetBlue Airways by 36.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,009,389 shares of the transportation company’s stock valued at $18,704,000 after buying an additional 272,003 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock valued at $232,000 after buying an additional 4,801 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in JetBlue Airways by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,433,993 shares of the transportation company’s stock valued at $63,630,000 after buying an additional 21,073 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in JetBlue Airways by 219.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 545,905 shares of the transportation company’s stock valued at $10,115,000 after buying an additional 375,052 shares in the last quarter. Finally, Cipher Capital LP purchased a new position in JetBlue Airways during the 3rd quarter valued at about $352,000. 91.01% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the company. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a report on Friday, March 16th. Wolfe Research raised JetBlue Airways from an “underperform” rating to a “market perform” rating in a report on Monday, February 12th. JPMorgan Chase & Co. raised JetBlue Airways from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Tuesday, January 30th. Buckingham Research reaffirmed a “neutral” rating on shares of JetBlue Airways in a report on Friday, January 26th. Finally, Imperial Capital reissued an “outperform” rating and set a $31.00 price objective on shares of JetBlue Airways in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.32.
In related news, EVP George Martin J. St sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.00, for a total value of $69,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $22.47, for a total value of $44,940.00. Following the completion of the sale, the chief executive officer now owns 396,535 shares of the company’s stock, valued at approximately $8,910,141.45. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock valued at $369,720 in the last three months. 0.60% of the stock is owned by insiders.
JBLU stock opened at $22.30 on Wednesday. JetBlue Airways Co. has a twelve month low of $18.05 and a twelve month high of $24.13. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7,270.80, a PE ratio of 6.34, a PEG ratio of 0.65 and a beta of 0.58.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts forecast that JetBlue Airways Co. will post 1.93 EPS for the current fiscal year.
JetBlue Airways announced that its board has authorized a share buyback program on Wednesday, December 13th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
JetBlue Airways 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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