Inceptionr LLC Acquires New Shares in JetBlue Airways Co. (NASDAQ:JBLU)

Inceptionr LLC acquired a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,797 shares of the transportation company’s stock, valued at approximately $218,000.

Several other hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in JetBlue Airways during the 3rd quarter valued at $28,000. Blue Trust Inc. grew its holdings in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after buying an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in JetBlue Airways during the 4th quarter valued at $40,000. Bogart Wealth LLC grew its holdings in JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after buying an additional 2,850 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in JetBlue Airways during the 4th quarter valued at $58,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Down 9.8 %

NASDAQ:JBLU opened at $5.51 on Tuesday. The business’s 50-day moving average is $7.00 and its two-hundred day moving average is $6.62. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways Co. has a 12 month low of $4.50 and a 12 month high of $8.31. The firm has a market capitalization of $1.95 billion, a PE ratio of -2.35 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the business earned ($0.19) EPS. Research analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBLU. Bank of America reiterated an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. The Goldman Sachs Group restated a “sell” rating and set a $5.50 price objective on shares of JetBlue Airways in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $6.33.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

JetBlue Airways 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.