Everence Capital Management Inc. Buys New Position in JetBlue Airways Co. (NASDAQ:JBLU)

Everence Capital Management Inc. bought a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,380 shares of the transportation company’s stock, valued at approximately $152,000.

Several other institutional investors have also recently added to or reduced their stakes in JBLU. Performa Ltd US LLC increased its stake in shares of JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 2,800 shares during the last quarter. Signaturefd LLC increased its stake in shares of JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 2,751 shares during the last quarter. Quarry LP acquired a new position in shares of JetBlue Airways during the 1st quarter valued at about $32,000. Neo Ivy Capital Management acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at about $33,000. Finally, Versant Capital Management Inc increased its stake in shares of JetBlue Airways by 41.3% during the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,861 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $7.11 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. The stock has a 50 day moving average of $6.94 and a 200-day moving average of $5.61. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.10. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. Equities analysts expect that JetBlue Airways Co. will post -0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group assumed coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. Evercore ISI increased their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Barclays assumed coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and upped their price target for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Finally, Bank of America cut JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.86.

JetBlue Airways Company 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.