JetBlue Airways Corporation $JBLU Shares Purchased by Spire Wealth Management

Spire Wealth Management increased its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 424.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,150 shares of the transportation company’s stock after purchasing an additional 42,200 shares during the quarter. Spire Wealth Management’s holdings in JetBlue Airways were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBLU. Assenagon Asset Management S.A. increased its position in shares of JetBlue Airways by 755.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,659,497 shares of the transportation company’s stock worth $7,020,000 after purchasing an additional 1,465,500 shares during the last quarter. Amundi increased its holdings in JetBlue Airways by 962.8% in the 1st quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock valued at $7,659,000 after purchasing an additional 1,439,435 shares during the last quarter. Nuveen LLC acquired a new stake in JetBlue Airways in the 1st quarter valued at approximately $6,130,000. Jump Financial LLC increased its holdings in JetBlue Airways by 55.7% in the 1st quarter. Jump Financial LLC now owns 3,461,848 shares of the transportation company’s stock valued at $16,686,000 after purchasing an additional 1,238,494 shares during the last quarter. Finally, U S Global Investors Inc. increased its holdings in JetBlue Airways by 25.2% in the 2nd quarter. U S Global Investors Inc. now owns 5,021,419 shares of the transportation company’s stock valued at $21,241,000 after purchasing an additional 1,011,279 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JBLU. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the company a “neutral” rating in a report on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. TD Cowen boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Monday, September 8th. UBS Group boosted their price target on shares of JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research note on Friday, September 5th. Finally, Susquehanna boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, JetBlue Airways has an average rating of “Reduce” and a consensus target price of $5.28.

JetBlue Airways Stock Down 0.5%

Shares of NASDAQ:JBLU opened at $4.18 on Tuesday. JetBlue Airways Corporation has a 1 year low of $3.34 and a 1 year high of $8.31. The firm has a market capitalization of $1.52 billion, a PE ratio of -3.17 and a beta of 1.82. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.82 and a quick ratio of 0.84. The firm’s 50-day moving average is $4.87 and its two-hundred day moving average is $4.69.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned ($0.16) earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. Analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current year.

JetBlue Airways Profile

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.