RBF Capital LLC Increases Position in JetBlue Airways Corporation $JBLU

RBF Capital LLC lifted its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 900.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the transportation company’s stock after purchasing an additional 180,000 shares during the period. RBF Capital LLC’s holdings in JetBlue Airways were worth $846,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its stake in JetBlue Airways by 755.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,659,497 shares of the transportation company’s stock valued at $7,020,000 after buying an additional 1,465,500 shares in the last quarter. Amundi raised its position in shares of JetBlue Airways by 962.8% during the 1st quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock worth $7,659,000 after acquiring an additional 1,439,435 shares in the last quarter. Nuveen LLC purchased a new stake in JetBlue Airways during the first quarter worth approximately $6,130,000. Jump Financial LLC boosted its holdings in JetBlue Airways by 55.7% in the first quarter. Jump Financial LLC now owns 3,461,848 shares of the transportation company’s stock valued at $16,686,000 after purchasing an additional 1,238,494 shares in the last quarter. Finally, U S Global Investors Inc. boosted its holdings in JetBlue Airways by 25.2% in the second quarter. U S Global Investors Inc. now owns 5,021,419 shares of the transportation company’s stock valued at $21,241,000 after purchasing an additional 1,011,279 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

JBLU has been the topic of a number of research analyst reports. Citigroup began coverage on shares of JetBlue Airways in a report on Thursday, December 4th. They set a “sell” rating and a $4.10 price objective on the stock. Susquehanna boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Morgan Stanley decreased their price objective on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday. TD Cowen raised their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Monday, September 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $5.04.

JetBlue Airways Stock Up 0.2%

Shares of NASDAQ:JBLU opened at $4.96 on Wednesday. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market cap of $1.80 billion, a P/E ratio of -3.76 and a beta of 1.76. The firm has a fifty day moving average price of $4.49 and a 200 day moving average price of $4.67.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 28th. The transportation company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company earned ($0.16) earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. Sell-side analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current year.

JetBlue Airways 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.