Empowered Funds LLC Has $8.46 Million Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Empowered Funds LLC increased its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,289,237 shares of the transportation company’s stock after purchasing an additional 65,660 shares during the quarter. Empowered Funds LLC’s holdings in JetBlue Airways were worth $8,457,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of JetBlue Airways by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock valued at $277,336,000 after acquiring an additional 317,263 shares during the last quarter. Dimensional Fund Advisors LP raised its position in JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after purchasing an additional 521,767 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of JetBlue Airways by 6.5% during the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock worth $98,360,000 after purchasing an additional 805,404 shares during the last quarter. American Century Companies Inc. increased its stake in shares of JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after buying an additional 1,135,217 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in JetBlue Airways by 715.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after buying an additional 1,430,622 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

JBLU has been the subject of several analyst reports. Susquehanna raised their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research report on Friday. Citigroup lifted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen increased their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Barclays boosted their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways has a consensus rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $7.06 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The firm’s 50-day simple moving average is $6.44 and its 200 day simple moving average is $5.90. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -2.80 and a beta of 1.92. JetBlue Airways Co. has a fifty-two week low of $4.09 and a fifty-two week high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. JetBlue Airways’s quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts anticipate that JetBlue Airways Co. will post -0.94 earnings per share for the current fiscal year.

JetBlue Airways Profile

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.