11,799 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Bought by PDS Planning Inc

PDS Planning Inc bought a new position in JetBlue Airways Co. (NASDAQ:JBLU) during the fourth quarter, HoldingsChannel reports. The firm bought 11,799 shares of the transportation company’s stock, valued at approximately $65,000.

A number of other large investors also recently modified their holdings of JBLU. Performa Ltd US LLC lifted its holdings in shares of JetBlue Airways by 96.6% in the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after purchasing an additional 2,800 shares in the last quarter. Signaturefd LLC raised its position in JetBlue Airways by 72.8% in the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after buying an additional 2,751 shares during the last quarter. Versant Capital Management Inc raised its position in JetBlue Airways by 41.3% in the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after buying an additional 1,861 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of JetBlue Airways during the 3rd quarter valued at $47,000. Finally, Merit Financial Group LLC purchased a new stake in shares of JetBlue Airways during the 3rd quarter valued at $48,000. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on JBLU shares. TD Cowen decreased their target price on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday. Bank of America lowered JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $6.00 to $3.00 in a research report on Tuesday, January 9th. UBS Group started coverage on JetBlue Airways in a research report on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price for the company. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and raised their target price for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. Finally, Barclays started coverage on JetBlue Airways in a research report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price for the company. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.88.

JetBlue Airways Trading Down 18.8 %

Shares of NASDAQ JBLU opened at $6.10 on Wednesday. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $9.45. The business has a 50-day simple moving average of $6.94 and a two-hundred day simple moving average of $5.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.57 and a current ratio of 0.60.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. On average, equities analysts predict that JetBlue Airways Co. will post -0.72 EPS for the current fiscal year.

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.