JetBlue Airways Co. (NASDAQ:JBLU) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 9,679,000 shares, a decrease of 41.8% from the May 30th total of 16,634,000 shares. Based on an average daily trading volume, of 4,410,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.2% of the shares of the company are sold short.
Shares of JetBlue Airways stock traded up $0.18 during trading on Friday, hitting $18.87. The stock had a trading volume of 3,167,856 shares, compared to its average volume of 3,595,530. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.53. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.42 and a beta of 0.90. The firm’s fifty day simple moving average is $18.47. JetBlue Airways has a fifty-two week low of $15.19 and a fifty-two week high of $20.14.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business posted $0.27 earnings per share. JetBlue Airways’s revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that JetBlue Airways will post 1.96 earnings per share for the current year.
JBLU has been the subject of a number of analyst reports. Citigroup set a $74.00 price target on Realty Income and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Cowen reiterated an “outperform” rating and set a $1,420.00 price target (up previously from $1,390.00) on shares of Alphabet in a research report on Thursday, April 11th. Susquehanna Bancshares initiated coverage on JetBlue Airways in a research report on Tuesday, May 28th. They set a “positive” rating and a $22.00 price target for the company. BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Imperial Capital reiterated an “outperform” rating and set a $26.00 price target (up previously from $24.00) on shares of JetBlue Airways in a research report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.15.
In related news, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $18.27, for a total transaction of $45,675.00. Following the completion of the transaction, the chief executive officer now directly owns 480,666 shares in the company, valued at approximately $8,781,767.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP George Martin J. St sold 1,500 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $17.63, for a total value of $26,445.00. Following the transaction, the executive vice president now owns 45,227 shares of the company’s stock, valued at $797,352.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,000 shares of company stock valued at $166,045. 0.79% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in JBLU. Campbell & CO Investment Adviser LLC acquired a new position in JetBlue Airways in the 2nd quarter worth about $684,000. Crossmark Global Holdings Inc. increased its position in JetBlue Airways by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,310 shares of the transportation company’s stock worth $634,000 after purchasing an additional 655 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in JetBlue Airways by 14.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 686,899 shares of the transportation company’s stock worth $11,237,000 after purchasing an additional 88,089 shares during the last quarter. FMR LLC increased its position in JetBlue Airways by 4.4% in the 1st quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock worth $231,493,000 after purchasing an additional 596,824 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its position in JetBlue Airways by 0.5% in the 1st quarter. MetLife Investment Advisors LLC now owns 186,854 shares of the transportation company’s stock worth $3,057,000 after purchasing an additional 1,006 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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