Toronto Dominion Bank acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 1st quarter, Holdings Channel reports. The fund acquired 32,203 shares of the transportation company’s stock, valued at approximately $288,000.
Several other hedge funds and other institutional investors have also bought and sold shares of JBLU. Amundi Pioneer Asset Management Inc. raised its holdings in JetBlue Airways by 14.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 686,899 shares of the transportation company’s stock valued at $11,237,000 after acquiring an additional 88,089 shares in the last quarter. First Trust Advisors LP raised its holdings in JetBlue Airways by 77.7% in the 4th quarter. First Trust Advisors LP now owns 615,118 shares of the transportation company’s stock valued at $11,515,000 after acquiring an additional 269,053 shares in the last quarter. Regentatlantic Capital LLC raised its holdings in JetBlue Airways by 7.4% in the 4th quarter. Regentatlantic Capital LLC now owns 13,018 shares of the transportation company’s stock valued at $244,000 after acquiring an additional 900 shares in the last quarter. Hancock Whitney Corp raised its holdings in JetBlue Airways by 149.7% in the 4th quarter. Hancock Whitney Corp now owns 75,877 shares of the transportation company’s stock valued at $1,420,000 after acquiring an additional 45,488 shares in the last quarter. Finally, Oakbrook Investments LLC raised its holdings in JetBlue Airways by 42.2% in the 4th quarter. Oakbrook Investments LLC now owns 32,350 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 9,600 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.
JBLU has been the subject of several recent research reports. Cowen cut their price target on JetBlue Airways from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Tuesday, April 28th. ValuEngine raised JetBlue Airways from a “hold” rating to a “buy” rating in a report on Monday, June 1st. JPMorgan Chase & Co. cut JetBlue Airways from a “neutral” rating to an “underweight” rating and set a $11.00 price target for the company. in a report on Wednesday. They noted that the move was a valuation call. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, Barclays lowered their price objective on JetBlue Airways from $23.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $15.93.
NASDAQ JBLU opened at $11.11 on Friday. The firm has a market cap of $3.41 billion, a PE ratio of 9.50 and a beta of 1.36. JetBlue Airways Co. has a one year low of $6.61 and a one year high of $21.65. The stock’s 50 day simple moving average is $9.71 and its 200 day simple moving average is $14.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.61 and a quick ratio of 0.58.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Thursday, May 7th. The transportation company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.01). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.63 billion. JetBlue Airways had a return on equity of 8.63% and a net margin of 3.32%. The firm’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. As a group, equities analysts expect that JetBlue Airways Co. will post -3.3 earnings per share for the current year.
In related news, General Counsel Brandon Nelson sold 3,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $9.81, for a total transaction of $29,430.00. Following the sale, the general counsel now directly owns 2,441 shares in the company, valued at approximately $23,946.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is owned by corporate insiders.
JetBlue Airways Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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