American Century Companies Inc. Buys 685,880 Shares of JetBlue Airways Corporation $JBLU

American Century Companies Inc. boosted its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 7.8% in the first quarter, HoldingsChannel reports. The firm owned 9,457,873 shares of the transportation company’s stock after acquiring an additional 685,880 shares during the period. American Century Companies Inc.’s holdings in JetBlue Airways were worth $45,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in JetBlue Airways by 85.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,560,958 shares of the transportation company’s stock worth $7,524,000 after purchasing an additional 717,230 shares during the period. Bridgeway Capital Management LLC grew its position in JetBlue Airways by 2.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 2,512,920 shares of the transportation company’s stock worth $19,752,000 after purchasing an additional 66,183 shares during the period. Kettle Hill Capital Management LLC bought a new stake in JetBlue Airways in the 4th quarter worth approximately $6,621,000. Principal Financial Group Inc. grew its position in JetBlue Airways by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,512,443 shares of the transportation company’s stock worth $7,290,000 after purchasing an additional 64,847 shares during the period. Finally, Prentice Capital Management LP grew its position in JetBlue Airways by 1,329.0% in the 4th quarter. Prentice Capital Management LP now owns 1,433,316 shares of the transportation company’s stock worth $11,266,000 after purchasing an additional 1,333,016 shares during the period. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on JBLU. Wall Street Zen raised shares of JetBlue Airways to a “sell” rating in a research report on Thursday, May 15th. UBS Group set a $3.00 price objective on shares of JetBlue Airways and gave the company a “sell” rating in a research report on Monday, July 7th. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Raymond James Financial downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Finally, Susquehanna reissued a “neutral” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Eight research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways has a consensus rating of “Reduce” and a consensus target price of $5.16.

JetBlue Airways Trading Down 2.5%

Shares of JetBlue Airways stock opened at $5.14 on Thursday. The company has a market capitalization of $1.87 billion, a P/E ratio of -4.67 and a beta of 1.80. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The company has a fifty day moving average of $4.47 and a 200 day moving average of $4.96. JetBlue Airways Corporation has a fifty-two week low of $3.34 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.15. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.26 billion. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. On average, sell-side analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.