Quantbot Technologies LP Has $3.59 Million Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Quantbot Technologies LP raised its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 1,932.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 588,893 shares of the transportation company’s stock after buying an additional 559,917 shares during the quarter. Quantbot Technologies LP owned 0.17% of JetBlue Airways worth $3,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JBLU. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways in the first quarter valued at approximately $25,000. Trust Co. of Vermont bought a new stake in shares of JetBlue Airways during the second quarter valued at approximately $27,000. GAMMA Investing LLC increased its holdings in shares of JetBlue Airways by 169.8% during the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 2,377 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of JetBlue Airways during the first quarter valued at approximately $30,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of JetBlue Airways during the second quarter valued at approximately $63,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on JBLU. Citigroup boosted their price objective on JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $3.00 to $6.00 in a report on Monday, September 9th. Finally, TD Cowen boosted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.00.

JetBlue Airways Trading Down 2.5 %

Shares of JetBlue Airways stock opened at $5.79 on Tuesday. The stock has a fifty day simple moving average of $5.53 and a 200 day simple moving average of $6.00. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $7.58. The company has a market capitalization of $1.97 billion, a P/E ratio of -2.34 and a beta of 1.90. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.26. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. JetBlue Airways’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, sell-side analysts anticipate that JetBlue Airways Co. will post -0.99 earnings per share for the current fiscal year.

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.