64,550 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Purchased by TrimTabs Asset Management LLC

TrimTabs Asset Management LLC acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 64,550 shares of the transportation company’s stock, valued at approximately $1,081,000.

Other institutional investors have also added to or reduced their stakes in the company. Executive Wealth Management LLC purchased a new stake in shares of JetBlue Airways in the 2nd quarter worth about $37,000. Private Capital Group LLC boosted its position in shares of JetBlue Airways by 130.2% in the 2nd quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after buying an additional 1,156 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of JetBlue Airways by 81.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock worth $45,000 after buying an additional 1,087 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of JetBlue Airways in the 2nd quarter worth about $59,000. Finally, Advisory Services Network LLC boosted its position in shares of JetBlue Airways by 17.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,852 shares of the transportation company’s stock worth $127,000 after buying an additional 1,011 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

In other news, CFO Stephen J. Priest sold 2,335 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $18.91, for a total transaction of $44,154.85. Following the completion of the transaction, the chief financial officer now owns 22,086 shares of the company’s stock, valued at approximately $417,646.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $17.02, for a total transaction of $42,550.00. Following the transaction, the chief executive officer now directly owns 470,893 shares of the company’s stock, valued at approximately $8,014,598.86. The disclosure for this sale can be found here. Insiders sold a total of 11,835 shares of company stock valued at $220,545 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

JBLU stock traded up $0.28 during trading on Wednesday, hitting $16.83. The stock had a trading volume of 124,066 shares, compared to its average volume of 4,576,530. The company’s 50 day moving average price is $16.99 and its two-hundred day moving average price is $17.85. JetBlue Airways Co. has a 1-year low of $15.19 and a 1-year high of $19.83. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.51.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. JetBlue Airways had a net margin of 5.53% and a return on equity of 11.35%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that JetBlue Airways Co. will post 1.9 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Imperial Capital reiterated an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of JetBlue Airways in a research report on Thursday, June 20th. Zacks Investment Research raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, September 2nd. Buckingham Research raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Monday. Finally, TheStreet downgraded shares of JetBlue Airways from a “b” rating to a “c+” rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.69.

About JetBlue Airways

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.

Featured Article: What is an economic bubble?

Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Co. (NASDAQ:JBLU).

Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.