JetBlue Airways Co. (NASDAQ:JBLU) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,771,993 shares of the transportation company’s stock after purchasing an additional 678,891 shares during the quarter. American Century Companies Inc.’s holdings in JetBlue Airways were worth $68,948,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd purchased a new stake in JetBlue Airways in the third quarter valued at approximately $28,000. Blue Trust Inc. raised its holdings in shares of JetBlue Airways by 130.8% in the 4th 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 during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways during the 4th quarter worth about $40,000. Bogart Wealth LLC boosted its holdings in JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 2,850 shares during the period. Finally, R Squared Ltd purchased a new position in JetBlue Airways during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling

In other news, Director Nik Mittal purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price 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 represents a 608.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

JetBlue Airways Trading Down 1.9 %

NASDAQ:JBLU opened at $5.56 on Wednesday. JetBlue Airways Co. has a 1 year low of $4.50 and a 1 year high of $8.31. The stock has a market cap of $1.96 billion, a P/E ratio of -2.38 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a 50-day simple moving average of $6.54 and a 200-day simple moving average of $6.66.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating 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 last year, the company earned ($0.19) EPS. As a group, analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

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.