EntryPoint Capital LLC Acquires 6,729 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

EntryPoint Capital LLC increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,614 shares of the transportation company’s stock after purchasing an additional 6,729 shares during the quarter. EntryPoint Capital LLC’s holdings in JetBlue Airways were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after buying an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $40,000. Bogart Wealth LLC raised its holdings in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares during the last quarter. R Squared Ltd bought a new position in JetBlue Airways during the fourth quarter valued at approximately $58,000. Finally, GAMMA Investing LLC boosted its holdings in JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBLU. UBS Group lowered their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Bank of America reissued an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a research report on Friday, January 17th. Citigroup upped their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and cut their target price for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.33.

JetBlue Airways Stock Performance

JBLU opened at $5.21 on Friday. The company has a 50 day simple moving average of $6.40 and a two-hundred day simple moving average of $6.65. 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 firm has a market cap of $1.84 billion, a P/E ratio of -2.23 and a beta of 1.80. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31.

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

Insider Buying and Selling

In related news, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways 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 in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

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.