JetBlue Airways Corporation (JBLU) Stake Lifted by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC increased its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 61.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,220 shares of the transportation company’s stock after acquiring an additional 16,000 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in JetBlue Airways Corporation were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in JetBlue Airways Corporation by 2.2% during the second quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock valued at $435,484,000 after buying an additional 404,086 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of JetBlue Airways Corporation by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,035,605 shares of the transportation company’s stock valued at $251,947,000 after buying an additional 230,067 shares in the last quarter. State Street Corp lifted its position in shares of JetBlue Airways Corporation by 0.5% during the 2nd quarter. State Street Corp now owns 8,325,116 shares of the transportation company’s stock valued at $190,058,000 after buying an additional 40,286 shares in the last quarter. LSV Asset Management lifted its position in shares of JetBlue Airways Corporation by 11.4% during the 2nd quarter. LSV Asset Management now owns 3,975,491 shares of the transportation company’s stock valued at $90,760,000 after buying an additional 406,775 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of JetBlue Airways Corporation by 35.0% during the 2nd quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock valued at $84,649,000 after buying an additional 961,535 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

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JetBlue Airways Corporation (JBLU) traded up $0.68 during trading on Wednesday, reaching $19.63. The company had a trading volume of 5,332,100 shares, compared to its average volume of 5,937,264. The firm has a market capitalization of $6,076.26, a price-to-earnings ratio of 9.77 and a beta of 0.65. JetBlue Airways Corporation has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $0.58 earnings per share. JetBlue Airways Corporation’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts anticipate that JetBlue Airways Corporation will post 1.73 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on JBLU. Cowen and Company upped their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, July 25th. Buckingham Research downgraded JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $28.00 to $24.00 in a research report on Wednesday, July 26th. BidaskClub downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Morgan Stanley dropped their price target on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.02.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.89, for a total value of $39,780.00. Following the sale, the chief executive officer now directly owns 404,362 shares of the company’s stock, valued at $8,042,760.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.45, for a total value of $94,464.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,860 shares of company stock worth $474,419. 0.60% of the stock is owned by corporate insiders.

JetBlue Airways Corporation Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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

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