Hussman Strategic Advisors Inc. Takes Position in JetBlue Airways Co. (NASDAQ:JBLU)

Hussman Strategic Advisors Inc. purchased a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 210,000 shares of the transportation company’s stock, valued at approximately $1,651,000. Hussman Strategic Advisors Inc. owned about 0.06% of JetBlue Airways as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after purchasing an additional 663,865 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after acquiring an additional 2,584,350 shares during the period. SG Americas Securities LLC grew its stake in shares of JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after acquiring an additional 1,444,491 shares during the period. Principal Financial Group Inc. grew its stake in shares of JetBlue Airways by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,447,596 shares of the transportation company’s stock valued at $11,378,000 after acquiring an additional 40,452 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of JetBlue Airways by 8.3% during the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after acquiring an additional 107,293 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Nik Mittal purchased 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

JBLU has been the subject of a number of recent research reports. Bank of America reiterated an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. UBS Group cut their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Barclays upped their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. Finally, Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.51.

JetBlue Airways Stock Down 5.3 %

Shares of JBLU opened at $7.33 on Thursday. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -3.13 and a beta of 1.83. JetBlue Airways Co. has a 1 year low of $4.49 and a 1 year high of $8.31. The business’s 50 day simple moving average is $7.27 and its 200-day simple moving average is $6.48. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same quarter in the previous year, the business posted ($0.19) EPS. As a group, equities analysts expect that JetBlue Airways Co. will post -0.63 earnings per share for the current fiscal year.

JetBlue Airways Company 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.