Ameritas Investment Partners Inc. Boosts Position in JetBlue Airways Corporation (JBLU)

Ameritas Investment Partners Inc. raised its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 93.0% during the third quarter, Holdings Channel reports. The firm owned 98,294 shares of the company’s stock after buying an additional 47,356 shares during the period. Ameritas Investment Partners Inc.’s holdings in JetBlue Airways Corporation were worth $1,695,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in JBLU. BlackRock Fund Advisors increased its stake in JetBlue Airways Corporation by 5.8% in the third quarter. BlackRock Fund Advisors now owns 12,622,832 shares of the company’s stock valued at $217,618,000 after buying an additional 694,834 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in JetBlue Airways Corporation by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 9,178,844 shares of the company’s stock valued at $158,243,000 after buying an additional 44,048 shares during the period. Donald Smith & CO. Inc. increased its stake in JetBlue Airways Corporation by 3.4% in the second quarter. Donald Smith & CO. Inc. now owns 5,723,215 shares of the company’s stock valued at $199,053,000 after buying an additional 186,548 shares during the period. Bank of Montreal Can increased its stake in JetBlue Airways Corporation by 46.4% in the third quarter. Bank of Montreal Can now owns 4,556,392 shares of the company’s stock valued at $78,551,000 after buying an additional 1,444,045 shares during the period. Finally, LSV Asset Management increased its stake in JetBlue Airways Corporation by 2.1% in the third quarter. LSV Asset Management now owns 3,336,446 shares of the company’s stock valued at $57,520,000 after buying an additional 70,000 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Institutional Ownership by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) traded down 0.85% on Friday, reaching $19.80. 6,124,261 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.41 billion, a P/E ratio of 8.92 and a beta of 0.26. The firm’s 50 day moving average is $21.10 and its 200 day moving average is $19.01. JetBlue Airways Corporation has a 1-year low of $14.76 and a 1-year high of $23.67.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Thursday, January 26th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.64 billion. JetBlue Airways Corporation had a return on equity of 20.64% and a net margin of 11.31%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. Analysts expect that JetBlue Airways Corporation will post $1.82 EPS for the current year.

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Several equities analysts have issued reports on JBLU shares. Vetr raised shares of JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $24.99 price objective on the stock in a research note on Tuesday, January 17th. J P Morgan Chase & Co raised shares of JetBlue Airways Corporation from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $21.42 to $27.00 in a research note on Wednesday, January 25th. They noted that the move was a valuation call. Citigroup Inc. reissued a “neutral” rating on shares of JetBlue Airways Corporation in a research note on Tuesday, December 6th. Argus cut shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Friday, January 27th. They noted that the move was a valuation call. Finally, Imperial Capital boosted their price objective on shares of JetBlue Airways Corporation from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.62.

In other news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $22.66, for a total transaction of $45,320.00. Following the transaction, the chief executive officer now directly owns 351,881 shares of the company’s stock, valued at $7,973,623.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $22.51, for a total value of $115,251.20. Following the transaction, the director now directly owns 579,293 shares in the company, valued at $13,039,885.43. The disclosure for this sale can be found here. Insiders sold 15,120 shares of company stock worth $326,581 over the last quarter. 0.70% of the stock is currently owned by company insiders.

JetBlue Airways Corporation Company Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

5 Day Chart for NASDAQ:JBLU

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