JetBlue Airways Sees Unusually High Options Volume (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) was the recipient of unusually large options trading on Thursday. Stock investors acquired 41,399 call options on the stock. This represents an increase of 82% compared to the average volume of 22,745 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JBLU. Daytona Street Capital LLC acquired a new stake in shares of JetBlue Airways in the 4th quarter worth $68,000. Perigon Wealth Management LLC acquired a new position in JetBlue Airways during the 4th quarter worth approximately $55,000. SG Americas Securities LLC raised its stake in shares of JetBlue Airways by 72.8% during the 4th quarter. SG Americas Securities LLC now owns 839,551 shares of the transportation company’s stock worth $3,820,000 after buying an additional 353,606 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JetBlue Airways by 51.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,084 shares of the transportation company’s stock valued at $73,000 after buying an additional 5,439 shares during the period. Finally, Roxbury Financial LLC purchased a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $242,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

JBLU stock traded up $0.07 during mid-day trading on Thursday, reaching $5.59. The company’s stock had a trading volume of 5,534,784 shares, compared to its average volume of 19,077,248. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 3.42. The company’s 50 day moving average is $4.72 and its two-hundred day moving average is $4.73. The stock has a market cap of $2.03 billion, a PE ratio of -4.24 and a beta of 1.78. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $8.21.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) EPS. Equities research analysts expect that JetBlue Airways will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

JBLU has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. The Goldman Sachs Group raised their price target on JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a report on Tuesday, January 13th. Susquehanna raised their target price on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. TD Cowen lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Wednesday, January 7th. Finally, Citigroup lowered their target price on JetBlue Airways from $4.10 to $4.00 and set a “sell” rating on the stock in a research note on Wednesday, January 7th. Five investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Strong Sell” and an average target price of $4.93.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.