Nisa Investment Advisors LLC Boosts Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Nisa Investment Advisors LLC grew its holdings in JetBlue Airways Co. (NASDAQ:JBLUFree Report) by 8,576.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,380 shares of the transportation company’s stock after buying an additional 42,880 shares during the quarter. Nisa Investment Advisors LLC’s holdings in JetBlue Airways were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $121,000. International Assets Investment Management LLC increased its position in shares of JetBlue Airways by 521.4% in the fourth quarter. International Assets Investment Management LLC now owns 142,885 shares of the transportation company’s stock valued at $793,000 after buying an additional 119,890 shares in the last quarter. U S Global Investors Inc. increased its position in shares of JetBlue Airways by 24.2% in the fourth quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock valued at $54,286,000 after buying an additional 1,903,910 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of JetBlue Airways by 16.7% in the fourth quarter. Global Retirement Partners LLC now owns 52,330 shares of the transportation company’s stock valued at $268,000 after buying an additional 7,500 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $65,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 price objective for the company in a research report on Thursday. Susquehanna lifted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Evercore ISI lifted their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Bank of America lowered JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Finally, Barclays started coverage on JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price target on the stock. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.86.

Check Out Our Latest Report on JetBlue Airways

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $7.11 on Friday. The stock’s fifty day moving average is $6.91 and its two-hundred day moving average is $5.59. The firm has a market capitalization of $2.42 billion, a P/E ratio of -7.56 and a beta of 1.86. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.57 and a current ratio of 0.60. JetBlue Airways Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.45.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, research analysts anticipate that JetBlue Airways Co. will post -0.72 earnings per share for the current year.

About JetBlue Airways

(Free Report)

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.

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

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