OLD National Bancorp IN boosted its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,850 shares of the transportation company’s stock after acquiring an additional 700 shares during the period. OLD National Bancorp IN’s holdings in JetBlue Airways were worth $293,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of JBLU. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in JetBlue Airways in the first quarter valued at $25,000. Investors Research Corp bought a new stake in JetBlue Airways during the first quarter valued at $25,000. First Command Bank bought a new stake in JetBlue Airways during the first quarter valued at $35,000. Quantamental Technologies LLC bought a new stake in JetBlue Airways during the first quarter valued at $57,000. Finally, Barings LLC bought a new stake in JetBlue Airways during the first quarter valued at $177,000. 91.12% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on JBLU. Susquehanna Bancshares began coverage on shares of JetBlue Airways in a research note on Tuesday, May 28th. They set a “positive” rating and a $22.00 target price for the company. Imperial Capital reiterated an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of JetBlue Airways in a research note on Thursday, June 20th. Zacks Investment Research upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Buckingham Research boosted their target price on shares of JetBlue Airways from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, BidaskClub upgraded shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.35.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. JetBlue Airways had a net margin of 5.53% and a return on equity of 11.35%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Sell-side analysts expect that JetBlue Airways Co. will post 2 EPS for the current fiscal year.
In related news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $19.14, for a total value of $47,850.00. Following the completion of the transaction, the chief executive officer now owns 478,393 shares in the company, valued at approximately $9,156,442.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP George Martin J. St sold 1,500 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $17.63, for a total transaction of $26,445.00. Following the completion of the transaction, the executive vice president now owns 45,227 shares of the company’s stock, valued at approximately $797,352.01. The disclosure for this sale can be found here. Insiders have sold 9,000 shares of company stock valued at $166,045 in the last 90 days. Insiders own 0.79% of the company’s stock.
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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