Privium Fund Management UK Ltd Buys New Position in JetBlue Airways Co. (NASDAQ:JBLU)

Privium Fund Management UK Ltd purchased a new position in JetBlue Airways Co. (NASDAQ:JBLU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 121,032 shares of the transportation company’s stock, valued at approximately $794,000. JetBlue Airways accounts for about 1.5% of Privium Fund Management UK Ltd’s portfolio, making the stock its 3rd largest position.

Several other institutional investors and hedge funds have also modified their holdings of JBLU. Point72 Asset Management L.P. raised its holdings in JetBlue Airways by 715.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after buying an additional 1,430,622 shares during the period. American Century Companies Inc. raised its position in JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the period. Assenagon Asset Management S.A. bought a new stake in JetBlue Airways in the third quarter worth about $5,311,000. Donald Smith & CO. Inc. grew its stake in shares of JetBlue Airways by 6.5% during the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after buying an additional 805,404 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of JetBlue Airways by 1,932.3% in the second quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock worth $3,586,000 after buying an additional 559,917 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Down 0.8 %

Shares of JetBlue Airways stock opened at $6.32 on Wednesday. The business has a 50-day simple moving average of $6.34 and a 200-day simple moving average of $5.88. JetBlue Airways Co. has a one year low of $3.77 and a one year high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.39) EPS. On average, sell-side analysts forecast that JetBlue Airways Co. will post -0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of recent analyst reports. Susquehanna boosted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. TD Cowen lifted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Finally, Citigroup raised their price target on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.31.

About JetBlue Airways

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.