229,381 Shares in JetBlue Airways Corporation $JBLU Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC acquired a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 229,381 shares of the transportation company’s stock, valued at approximately $1,129,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bogart Wealth LLC lifted its stake in shares of JetBlue Airways by 12,727.3% in the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 7,000 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of JetBlue Airways during the second quarter worth $45,000. Wealth Enhancement Advisory Services LLC bought a new stake in JetBlue Airways in the second quarter valued at about $47,000. Ballentine Partners LLC acquired a new position in JetBlue Airways in the second quarter valued at about $48,000. Finally, Alpha Wealth Funds LLC acquired a new position in JetBlue Airways in the second quarter valued at about $51,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on JBLU. Susquehanna boosted their target price on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. TD Cowen boosted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Wednesday, January 7th. Morgan Stanley lowered their target price 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, December 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th. Finally, Citigroup decreased their price target on shares of JetBlue Airways from $4.10 to $4.00 and set a “sell” rating for the company in a report on Wednesday, January 7th. Six analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $4.93.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $5.16 on Wednesday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -3.91 and a beta of 1.78. The business has a 50 day simple moving average of $4.70 and a 200 day simple moving average of $4.72. JetBlue Airways Corporation has a 52-week low of $3.34 and a 52-week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the company earned ($0.16) earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.