JetBlue Airways Co. (NASDAQ:JBLU) Shares Bought by Prentice Capital Management LP

Prentice Capital Management LP grew its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 1,329.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,433,316 shares of the transportation company’s stock after acquiring an additional 1,333,016 shares during the quarter. JetBlue Airways comprises 19.4% of Prentice Capital Management LP’s portfolio, making the stock its biggest position. Prentice Capital Management LP owned about 0.41% of JetBlue Airways worth $11,266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of JetBlue Airways by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company’s stock worth $254,749,000 after buying an additional 121,267 shares during the period. FMR LLC boosted its position in shares of JetBlue Airways by 14,595.7% in the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock worth $130,470,000 after buying an additional 16,486,326 shares during the period. American Century Companies Inc. boosted its position in shares of JetBlue Airways by 8.4% in the fourth quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company’s stock worth $68,948,000 after buying an additional 678,891 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of JetBlue Airways by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock worth $52,864,000 after buying an additional 1,063,929 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of JetBlue Airways by 491.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company’s stock worth $33,597,000 after buying an additional 3,552,057 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by insiders.

JetBlue Airways Trading Up 2.0%

Shares of NASDAQ JBLU opened at $5.03 on Thursday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -2.15 and a beta of 1.79. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The stock’s 50 day simple moving average is $4.59 and its 200 day simple moving average is $6.06.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.43) EPS. Equities research analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Raymond James raised JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a report on Monday, April 7th. Citigroup increased their price target on JetBlue Airways from $4.25 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Susquehanna reduced their price target on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Barclays reduced their price target on JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and an average target price of $5.16.

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.