Landscape Capital Management L.L.C. Purchases 728,156 Shares of JetBlue Airways Corporation $JBLU

Landscape Capital Management L.L.C. grew its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 75.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,688,335 shares of the transportation company’s stock after buying an additional 728,156 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in JetBlue Airways were worth $7,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of JBLU. AQR Capital Management LLC lifted its holdings in shares of JetBlue Airways by 131.2% during the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after buying an additional 51,377 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of JetBlue Airways by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after buying an additional 8,053 shares during the period. Goldman Sachs Group Inc. raised its holdings in JetBlue Airways by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock worth $23,085,000 after purchasing an additional 274,892 shares during the period. United Services Automobile Association bought a new position in JetBlue Airways in the 1st quarter worth $106,000. Finally, Cetera Investment Advisers raised its holdings in JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after purchasing an additional 2,954 shares during the period. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $5.01 on Friday. JetBlue Airways Corporation has a one year low of $3.84 and a one year high of $6.50. The stock’s fifty day moving average is $4.99 and its 200 day moving average is $4.98. The stock has a market cap of $1.86 billion, a P/E ratio of -2.58 and a beta of 1.73. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.64 and a current ratio of 0.70.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. JetBlue Airways’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.59) earnings per share. Sell-side analysts anticipate that JetBlue Airways Corporation will post -2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Tuesday, April 21st. UBS Group raised their target price on JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a report on Tuesday, May 26th. Susquehanna raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Citigroup decreased their target price on JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating on the stock in a report on Friday, March 20th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $3.50 target price on shares of JetBlue Airways in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $4.93.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, Director Thomas Winkelmann sold 35,473 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $4.70, for a total transaction of $166,723.10. Following the sale, the director directly owned 13,379 shares of the company’s stock, valued at $62,881.30. This trade represents a 72.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vivek Sharma sold 32,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $5.41, for a total value of $173,120.00. Following the sale, the director directly owned 35,479 shares in the company, valued at approximately $191,941.39. This represents a 47.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.41% of the stock is owned by company insiders.

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.