Deutsche Bank AG Purchases New Position in JetBlue Airways Corporation $JBLU

Deutsche Bank AG acquired a new position in JetBlue Airways Corporation (NASDAQ:JBLU) in the 2nd quarter, HoldingsChannel reports. The firm acquired 337,803 shares of the transportation company’s stock, valued at approximately $1,936,000.

Other large investors have also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in JetBlue Airways by 509.5% in the first quarter. Quantinno Capital Management LP now owns 649,600 shares of the transportation company’s stock valued at $2,871,000 after acquiring an additional 543,017 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of JetBlue Airways during the second quarter worth $6,890,000. GSA Capital Partners LLP purchased a new position in shares of JetBlue Airways in the second quarter valued at $1,725,000. Renaissance Technologies LLC boosted its stake in shares of JetBlue Airways by 235.9% in the first quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock valued at $9,928,000 after purchasing an additional 1,577,500 shares during the period. Finally, Virtu Financial LLC acquired a new stake in JetBlue Airways during the 4th quarter valued at $1,333,000. 83.71% of the stock is currently owned by institutional investors.

Insider Activity at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 77,253 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total transaction of $444,977.28. Following the completion of the transaction, the chief financial officer directly owned 211,099 shares of the company’s stock, valued at approximately $1,215,930.24. This represents a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.41% of the company’s stock.

JetBlue Airways Stock Down 1.8%

JBLU stock opened at $4.80 on Friday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -2.01 and a beta of 1.74. JetBlue Airways Corporation has a 1-year low of $3.87 and a 1-year high of $6.62. The firm has a fifty day moving average price of $5.59 and a two-hundred day moving average price of $5.22. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the firm posted ($0.21) EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts predict that JetBlue Airways Corporation will post -2.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on JBLU. Seaport Research Partners lowered shares of JetBlue Airways from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. BMO Capital Markets boosted their price target on JetBlue Airways from $6.00 to $6.75 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Raymond James Financial restated an “underperform” rating on shares of JetBlue Airways in a research note on Monday, July 6th. Susquehanna upped their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Finally, UBS Group raised their price target on shares of JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Tuesday, June 23rd. Six research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.50.

JetBlue Airways Profile

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.