161,736 Shares in JetBlue Airways Corporation $JBLU Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 161,736 shares of the transportation company’s stock, valued at approximately $796,000.

A number of other institutional investors also recently bought and sold shares of JBLU. Bogart Wealth LLC grew its holdings in JetBlue Airways by 12,727.3% in the third quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 7,000 shares during the last quarter. HUB Investment Partners LLC purchased a new stake in shares of JetBlue Airways in the 2nd quarter worth about $45,000. Forum Financial Management LP acquired a new stake in JetBlue Airways in the 3rd quarter valued at about $59,000. Rafferty Asset Management LLC purchased a new position in JetBlue Airways during the 2nd quarter valued at about $51,000. Finally, NewEdge Advisors LLC increased its holdings in JetBlue Airways by 1,113.2% during the 2nd quarter. NewEdge Advisors LLC now owns 13,078 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 12,000 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Up 1.0%

JBLU stock opened at $5.97 on Friday. The stock has a market capitalization of $2.21 billion, a P/E ratio of -3.57 and a beta of 1.78. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.69 and a current ratio of 0.74. JetBlue Airways Corporation has a one year low of $3.34 and a one year high of $7.51. The company has a 50 day moving average price of $5.23 and a two-hundred day moving average price of $4.92.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the company earned ($0.21) EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JBLU. Morgan Stanley reduced their price target on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th. Susquehanna upped their target price on JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Evercore raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research note on Thursday, January 22nd. Eight research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $5.27.

About JetBlue Airways

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.