Maverick Capital Ltd. Buys 141,605 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Maverick Capital Ltd. boosted its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 136.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 245,657 shares of the transportation company’s stock after acquiring an additional 141,605 shares during the period. Maverick Capital Ltd.’s holdings in JetBlue Airways were worth $1,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its stake in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in JetBlue Airways during the third quarter valued at $28,000. Trust Co. of Vermont purchased a new stake in JetBlue Airways in the second quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of JetBlue Airways in the second quarter valued at $34,000. Finally, GAMMA Investing LLC lifted its position in shares of JetBlue Airways by 79.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after buying an additional 2,993 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Trading Up 0.2 %

NASDAQ:JBLU opened at $5.97 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The stock has a fifty day moving average of $6.53 and a 200 day moving average of $5.93. JetBlue Airways Co. has a 52-week low of $4.33 and a 52-week high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. On average, equities analysts forecast that JetBlue Airways Co. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research note on Friday, November 15th. Barclays upped their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Evercore ISI lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Susquehanna boosted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Citigroup raised their price target on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, JetBlue Airways has an average rating of “Hold” and a consensus target price of $6.43.

About JetBlue Airways

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.