JetBlue Airways Corporation $JBLU Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 185.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 462,258 shares of the transportation company’s stock after buying an additional 300,522 shares during the period. GSA Capital Partners LLP’s holdings in JetBlue Airways were worth $2,103,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its stake in JetBlue Airways by 10.7% during the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after buying an additional 2,954 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in JetBlue Airways by 639.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after buying an additional 5,049 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in JetBlue Airways by 51.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,084 shares of the transportation company’s stock worth $73,000 after acquiring an additional 5,439 shares in the last quarter. Osaic Holdings Inc. grew its holdings in JetBlue Airways by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 104,341 shares of the transportation company’s stock worth $441,000 after acquiring an additional 5,631 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 worth $896,000 after acquiring an additional 8,053 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on JBLU shares. BMO Capital Markets started coverage on shares of JetBlue Airways in a report on Tuesday, March 24th. They set a “market perform” rating and a $4.50 price target for the company. UBS Group lowered their target price on shares of JetBlue Airways from $4.00 to $3.50 and set a “sell” rating for the company in a report on Monday, March 16th. Citigroup lowered their target price on shares of JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a report on Friday, March 20th. JPMorgan Chase & Co. upped their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group lowered their target price on shares of JetBlue Airways from $4.00 to $3.50 and set a “sell” rating for the company in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, JetBlue Airways currently has an average rating of “Reduce” and an average price target of $4.88.

JetBlue Airways Stock Down 4.4%

Shares of NASDAQ:JBLU opened at $4.38 on Wednesday. The stock has a market cap of $1.63 billion, a P/E ratio of -2.26 and a beta of 1.69. The firm has a fifty day moving average price of $4.73 and a 200 day moving average price of $4.88. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.70 and a quick ratio of 0.64. JetBlue Airways Corporation has a 1-year low of $3.84 and a 1-year high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share 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 analyst estimates of $2.24 billion. JetBlue Airways had a negative return on equity of 32.76% and a negative net margin of 7.78%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.59) EPS. Sell-side analysts predict that JetBlue Airways Corporation will post -2.83 EPS for the current year.

Insider Buying and Selling

In other JetBlue Airways news, Director Thomas Winkelmann sold 35,473 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.70, for a total transaction of $166,723.10. Following the completion of the transaction, the director owned 13,379 shares in the company, valued at approximately $62,881.30. This represents a 72.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.41% of the company’s stock.

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.