National Bank of Canada FI Has $7.87 Million Position in JetBlue Airways Co. (NASDAQ:JBLU)

National Bank of Canada FI boosted its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 117,903.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,000,667 shares of the transportation company’s stock after acquiring an additional 999,819 shares during the period. National Bank of Canada FI owned 0.29% of JetBlue Airways worth $7,865,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc grew its stake in shares of JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock worth $239,000 after purchasing an additional 1,823 shares during the period. Xponance Inc. increased its stake in shares of JetBlue Airways by 10.2% in the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 2,095 shares during the last quarter. Blue Trust Inc. raised its position in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the period. Bogart Wealth LLC boosted its stake in JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after acquiring an additional 2,850 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 3,857 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JBLU opened at $3.94 on Friday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -1.68 and a beta of 1.80. JetBlue Airways Co. has a 12 month low of $3.62 and a 12 month high of $8.31. The firm has a fifty day simple moving average of $6.07 and a 200 day simple moving average of $6.60. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

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

Insider Activity at JetBlue Airways

In other news, Director Nik Mittal purchased 100,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JBLU. Susquehanna reduced their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Bank of America dropped their price target on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research report on Thursday. UBS Group decreased their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and dropped their target price for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.12.

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.