Short Interest in JetBlue Airways Corporation (JBLU) Decreases By 15.2%

JetBlue Airways Corporation (NASDAQ:JBLU) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 7,035,453 shares, a decrease of 15.2% from the January 13th total of 8,294,117 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 9,364,602 shares, the short-interest ratio is presently 0.8 days.

In related news, EVP James G. Hnat sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $20.23, for a total value of $121,380.00. Following the completion of the transaction, the executive vice president now owns 26,564 shares of the company’s stock, valued at $537,389.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $22.66, for a total transaction of $45,320.00. Following the completion of the transaction, the chief executive officer now directly owns 351,881 shares of the company’s stock, valued at approximately $7,973,623.46. The disclosure for this sale can be found here. Insiders have sold 15,120 shares of company stock valued at $326,581 in the last three months. 0.70% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of JBLU. Public Employees Retirement Association of Colorado raised its stake in JetBlue Airways Corporation by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,382 shares of the company’s stock valued at $179,000 after buying an additional 42 shares during the last quarter. MSI Financial Services Inc raised its position in JetBlue Airways Corporation by 0.6% in the third quarter. MSI Financial Services Inc now owns 15,750 shares of the company’s stock valued at $272,000 after buying an additional 88 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in JetBlue Airways Corporation by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 55,617 shares of the company’s stock valued at $921,000 after buying an additional 222 shares during the last quarter. Arcus Capital Partners LLC raised its position in JetBlue Airways Corporation by 2.8% in the third quarter. Arcus Capital Partners LLC now owns 11,310 shares of the company’s stock valued at $195,000 after buying an additional 310 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in JetBlue Airways Corporation by 0.6% in the third quarter. Hsbc Holdings PLC now owns 58,768 shares of the company’s stock valued at $1,013,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

JetBlue Airways Corporation (NASDAQ:JBLU) opened at 19.80 on Friday. JetBlue Airways Corporation has a 12-month low of $14.76 and a 12-month high of $23.67. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 8.92 and a beta of 0.26. The firm has a 50-day moving average of $21.10 and a 200 day moving average of $19.01.

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, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. JetBlue Airways Corporation had a net margin of 11.31% and a return on equity of 20.64%. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that JetBlue Airways Corporation will post $1.82 EPS for the current fiscal year.

A number of research firms recently weighed in on JBLU. Raymond James Financial, Inc. downgraded shares of JetBlue Airways Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 21st. Imperial Capital increased their price target on shares of JetBlue Airways Corporation from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, December 22nd. Vetr upgraded shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $24.25 price target for the company in a research note on Thursday, December 15th. Cowen and Company cut shares of JetBlue Airways Corporation from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research note on Wednesday, January 4th. Finally, Barclays PLC assumed coverage on shares of JetBlue Airways Corporation in a research note on Thursday, December 15th. They issued an “overweight” rating and a $33.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.62.

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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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