JetBlue Airways Co. (NASDAQ:JBLU) Stock Position Increased by Empowered Funds LLC

Empowered Funds LLC boosted its position in JetBlue Airways Co. (NASDAQ:JBLU) by 8.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,396,530 shares of the transportation company’s stock after buying an additional 107,293 shares during the quarter. Empowered Funds LLC’s holdings in JetBlue Airways were worth $10,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of JBLU. Bogart Wealth LLC lifted its position in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the 3rd quarter valued at about $28,000. Blue Trust Inc. increased its stake in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after buying an additional 2,538 shares during the period. R Squared Ltd acquired a new position in JetBlue Airways during the 4th quarter valued at about $58,000. Finally, Glenmede Trust Co. NA acquired a new position in JetBlue Airways during the 3rd quarter valued at about $66,000. 83.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Nik Mittal purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America reissued an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Citigroup lifted their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Susquehanna lowered their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.51.

JetBlue Airways Stock Up 2.6 %

NASDAQ JBLU opened at $6.67 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The company has a 50 day moving average price of $7.23 and a two-hundred day moving average price of $6.43. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same period in the previous year, the firm earned ($0.19) earnings per share. Research analysts predict that JetBlue Airways Co. will post -0.58 EPS for the current year.

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.