Donald Smith & CO. Inc. Has $36.70 Million Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Donald Smith & CO. Inc. decreased its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 58.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,668,608 shares of the transportation company’s stock after selling 6,652,352 shares during the period. Donald Smith & CO. Inc. owned 1.35% of JetBlue Airways worth $36,695,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $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 worth $55,000 after acquiring an additional 2,850 shares during the last quarter. R Squared Ltd bought a new position in JetBlue Airways during the fourth quarter worth $58,000. Finally, GAMMA Investing LLC increased its position in JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after acquiring an additional 3,857 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Trading Up 5.4 %

Shares of JBLU stock opened at $5.04 on Thursday. The company has a market capitalization of $1.78 billion, a P/E ratio of -2.15 and a beta of 1.80. JetBlue Airways Co. has a 12-month low of $4.44 and a 12-month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average price of $6.23 and a 200 day moving average price of $6.63.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping the consensus estimate 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 period in the prior year, the company posted ($0.19) EPS. Research analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business’s 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 completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nik Mittal purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the purchase, the director now directly owns 116,443 shares of the company’s stock, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JBLU has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Susquehanna lowered their price target on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Bank of America reiterated an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. UBS Group lowered their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $6.33.

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.