Blueshift Asset Management LLC Purchases Shares of 13,916 JetBlue Airways Co. (NASDAQ:JBLU)

Blueshift Asset Management LLC bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 13,916 shares of the transportation company’s stock, valued at approximately $91,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA acquired a new stake in shares of JetBlue Airways in the third quarter valued at approximately $66,000. BNP Paribas Financial Markets boosted its position in JetBlue Airways by 429.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock valued at $8,084,000 after buying an additional 999,713 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of JetBlue Airways by 56.7% in the 3rd quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock valued at $6,054,000 after buying an additional 334,032 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways during the third quarter worth $28,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Trading Up 0.2 %

NASDAQ:JBLU opened at $5.97 on Friday. JetBlue Airways Co. has a 52 week low of $4.33 and a 52 week high of $8.07. The firm’s fifty day moving average is $6.53 and its 200-day moving average is $5.93. The firm has a market cap of $2.07 billion, a P/E ratio of -2.37 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company earned ($0.39) earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts expect that JetBlue Airways Co. will post -0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Barclays raised their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Susquehanna increased their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Citigroup lifted their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.43.

JetBlue Airways Profile

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.