Paloma Partners Management Co increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 5.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,823 shares of the transportation company’s stock after acquiring an additional 2,256 shares during the period. Paloma Partners Management Co’s holdings in JetBlue Airways were worth $752,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its holdings in shares of JetBlue Airways by 819.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,563 shares of the transportation company’s stock valued at $25,000 after buying an additional 1,393 shares during the last quarter. KBC Group NV increased its stake in shares of JetBlue Airways by 88.2% during the fourth quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock worth $36,000 after acquiring an additional 1,037 shares during the period. Enlightenment Research LLC acquired a new position in shares of JetBlue Airways during the fourth quarter worth about $47,000. Dubuque Bank & Trust Co. grew its position in JetBlue Airways by 151.0% during the fourth quarter. Dubuque Bank & Trust Co. now owns 3,235 shares of the transportation company’s stock worth $52,000 after buying an additional 1,946 shares during the period. Finally, Ffcm LLC grew its position in JetBlue Airways by 98.0% during the fourth quarter. Ffcm LLC now owns 6,120 shares of the transportation company’s stock worth $98,000 after buying an additional 3,029 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.
JBLU stock traded down $0.11 during mid-day trading on Monday, hitting $16.93. 4,934,591 shares of the company were exchanged, compared to its average volume of 4,805,030. The firm has a market cap of $5.16 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.61 and a quick ratio of 0.58. JetBlue Airways Co. has a twelve month low of $15.19 and a twelve month high of $20.25.
Several research analysts have weighed in on JBLU shares. Zacks Investment Research upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, January 2nd. Imperial Capital restated an “outperform” rating and set a $25.00 target price (down from $27.00) on shares of JetBlue Airways in a research report on Wednesday, January 9th. JPMorgan Chase & Co. downgraded shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Thursday, January 10th. Vertical Research initiated coverage on shares of JetBlue Airways in a research note on Monday, February 4th. They set a “hold” rating and a $19.00 price objective on the stock. Finally, Credit Suisse Group reissued a “hold” rating and set a $17.00 price objective on shares of JetBlue Airways in a research note on Thursday, February 7th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. JetBlue Airways presently has an average rating of “Hold” and an average price target of $19.68.
In related news, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $15.92, for a total value of $39,800.00. Following the sale, the chief executive officer now directly owns 455,576 shares in the company, valued at approximately $7,252,769.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 7,500 shares of company stock worth $127,275. 0.63% of the stock is currently owned by insiders.
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JetBlue Airways Company 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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