Virtu Financial LLC Acquires Shares of 46,755 JetBlue Airways Co. (NASDAQ:JBLU)

Virtu Financial LLC bought a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,755 shares of the transportation company’s stock, valued at approximately $307,000.

Other large investors have also recently modified their holdings of the company. Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of JetBlue Airways in the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of JetBlue Airways in the second quarter worth about $34,000. Point72 DIFC Ltd acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at approximately $48,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of JetBlue Airways during the 2nd quarter valued at approximately $63,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JBLU stock opened at $7.05 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The company’s fifty day simple moving average is $6.59 and its 200 day simple moving average is $6.00. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.07. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -2.80 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.39) EPS. On average, analysts expect that JetBlue Airways Co. will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on JBLU shares. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Susquehanna lifted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price target for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $6.57.

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.