Bank of Nova Scotia bought a new stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 950,000 shares of the transportation company’s stock, valued at approximately $21,689,000. Bank of Nova Scotia owned about 0.29% of JetBlue Airways Corporation at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new stake in JetBlue Airways Corporation during the second quarter valued at approximately $162,000. IFP Advisors Inc lifted its position in JetBlue Airways Corporation by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 2,117 shares during the last quarter. Soros Fund Management LLC bought a new stake in JetBlue Airways Corporation during the first quarter valued at approximately $200,000. Capital Management Associates NY bought a new stake in JetBlue Airways Corporation during the second quarter valued at approximately $203,000. Finally, Investment Centers of America Inc. bought a new stake in JetBlue Airways Corporation during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 84.48% of the company’s stock.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded up 2.13% during midday trading on Wednesday, hitting $20.66. 3,964,538 shares of the stock were exchanged. The firm’s 50-day moving average is $19.27 and its 200 day moving average is $21.34. The firm has a market cap of $6.80 billion, a PE ratio of 10.54 and a beta of 0.59. JetBlue Airways Corporation has a 52-week low of $16.85 and a 52-week high of $24.13.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, analysts forecast that JetBlue Airways Corporation will post $1.84 earnings per share for the current year.
Several brokerages have issued reports on JBLU. Morgan Stanley reiterated an “equal weight” rating and set a $20.00 target price (down from $21.00) on shares of JetBlue Airways Corporation in a research report on Wednesday, October 4th. Zacks Investment Research lowered shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Macquarie began coverage on shares of JetBlue Airways Corporation in a research report on Monday, September 25th. They set a “neutral” rating and a $21.00 target price for the company. Cowen and Company reiterated a “hold” rating and set a $21.00 target price on shares of JetBlue Airways Corporation in a research report on Friday, September 8th. Finally, Standpoint Research reiterated a “buy” rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.17.
In other news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.45, for a total transaction of $94,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total value of $44,060.00. Following the transaction, the chief executive officer now owns 406,362 shares of the company’s stock, valued at $8,952,154.86. The disclosure for this sale can be found here. Insiders have sold a total of 31,860 shares of company stock valued at $646,973 over the last quarter. Corporate insiders own 0.60% of the company’s stock.
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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