Fox Run Management L.L.C. Makes New $140,000 Investment in JetBlue Airways Co. (NASDAQ:JBLU)

Fox Run Management L.L.C. bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the fourth quarter, Holdings Channel reports. The fund bought 17,815 shares of the transportation company’s stock, valued at approximately $140,000.

A number of other institutional investors have also recently added to or reduced their stakes in JBLU. JPMorgan Chase & Co. grew its position in shares of JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the period. SG Americas Securities LLC boosted its holdings in JetBlue Airways by 5,648.9% in the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after buying an additional 1,444,491 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in JetBlue Airways by 18.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock worth $52,864,000 after buying an additional 1,063,929 shares during the last quarter. BNP Paribas Financial Markets increased its stake in JetBlue Airways by 429.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after buying an additional 999,713 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $6,632,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JBLU. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price target for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Bank of America reaffirmed an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Susquehanna lowered their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, UBS Group cut their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways currently has an average rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $5.21 on Friday. The company’s 50-day moving average is $6.40 and its two-hundred day moving average is $6.64. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -2.23 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the previous year, the firm earned ($0.19) EPS. Analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Activity

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nik Mittal acquired 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.18% of the company’s stock.

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.