JetBlue Airways Co. (NASDAQ:JBLU) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 749,234 shares of the transportation company’s stock after acquiring an additional 49,234 shares during the quarter. Cibc World Markets Corp owned about 0.22% of JetBlue Airways worth $5,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in JetBlue Airways during the third quarter worth $28,000. Blue Trust Inc. grew its stake in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at $40,000. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after buying an additional 2,850 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at $58,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Activity

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nik Mittal bought 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the acquisition, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company’s stock.

JetBlue Airways Stock Up 2.2 %

Shares of NASDAQ JBLU opened at $5.66 on Thursday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -2.42 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The business has a 50-day moving average of $6.71 and a two-hundred day moving average of $6.64. JetBlue Airways Co. has a 1 year low of $4.50 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter in the prior year, the business posted ($0.19) earnings per share. On average, analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JBLU. Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Citigroup lifted their price objective on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.33.

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.