Empowered Funds LLC Increases Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Empowered Funds LLC raised its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396,530 shares of the transportation company’s stock after purchasing an additional 107,293 shares during the period. Empowered Funds LLC owned 0.40% of JetBlue Airways worth $10,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Maverick Capital Ltd. lifted its stake in shares of JetBlue Airways by 136.1% during the third quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock valued at $1,612,000 after buying an additional 141,605 shares during the period. Quantbot Technologies LP lifted its stake in shares of JetBlue Airways by 56.7% during the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock valued at $6,054,000 after buying an additional 334,032 shares during the period. Jade Capital Advisors LLC lifted its stake in shares of JetBlue Airways by 800.0% during the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock valued at $2,952,000 after buying an additional 400,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after buying an additional 663,865 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new position in shares of JetBlue Airways during the third quarter valued at approximately $794,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity at JetBlue Airways

In related news, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction on 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. The trade was a 608.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.18% of the company’s stock.

JetBlue Airways Price Performance

JBLU opened at $6.67 on Friday. The company has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $6.43. JetBlue Airways Co. has a twelve month low of $4.49 and a twelve month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same quarter last year, the business posted ($0.19) earnings per share. As a group, sell-side analysts expect that JetBlue Airways Co. will post -0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

JBLU has been the topic of several recent analyst reports. Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Morgan Stanley reissued an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Susquehanna cut their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Citigroup increased their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $6.51.

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.