JetBlue Airways Sees Unusually High Options Volume (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) was the recipient of unusually large options trading on Wednesday. Investors bought 7,038 put options on the company. This represents an increase of approximately 1,322% compared to the average volume of 495 put options.

JBLU opened at $16.07 on Thursday. JetBlue Airways has a 12 month low of $15.60 and a 12 month high of $21.65. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.67 and a quick ratio of 0.64. The business has a fifty day moving average price of $19.91 and a 200 day moving average price of $18.62.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. JetBlue Airways had a return on equity of 12.06% and a net margin of 7.03%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.50 EPS. JetBlue Airways’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts anticipate that JetBlue Airways will post 2.49 earnings per share for the current year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction on Friday, January 10th. The stock was sold at an average price of $18.79, for a total value of $46,975.00. Following the sale, the chief executive officer now owns 460,725 shares in the company, valued at $8,657,022.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,927 shares of JetBlue Airways stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $20.01, for a total value of $38,559.27. Following the completion of the sale, the chief financial officer now owns 19,545 shares in the company, valued at approximately $391,095.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,227 shares of company stock worth $217,687. 0.79% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in JetBlue Airways by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,865,436 shares of the transportation company’s stock valued at $72,360,000 after purchasing an additional 132,056 shares during the period. Covington Capital Management grew its stake in shares of JetBlue Airways by 139.6% during the fourth quarter. Covington Capital Management now owns 4,791 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 2,791 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of JetBlue Airways during the fourth quarter valued at about $5,787,000. Captrust Financial Advisors grew its stake in shares of JetBlue Airways by 4,292.0% during the fourth quarter. Captrust Financial Advisors now owns 16,997 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 16,610 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of JetBlue Airways by 28.9% during the fourth quarter. AQR Capital Management LLC now owns 5,544,538 shares of the transportation company’s stock valued at $103,794,000 after acquiring an additional 1,243,199 shares in the last quarter. 94.89% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on JBLU shares. UBS Group started coverage on JetBlue Airways in a research report on Tuesday, November 12th. They issued a “buy” rating and a $25.00 target price on the stock. Evercore ISI restated a “buy” rating and issued a $24.00 target price on shares of JetBlue Airways in a research report on Monday, December 16th. TheStreet upgraded JetBlue Airways from a “c+” rating to a “b-” rating in a research report on Monday, November 11th. Deutsche Bank downgraded JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BidaskClub downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. JetBlue Airways has an average rating of “Hold” and a consensus price target of $21.40.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Featured Story: Purposes and Functions of the Federal Reserve

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.