Quadcap Wealth Management LLC Invests $94,000 in JetBlue Airways Co. (NASDAQ:JBLU)

Quadcap Wealth Management LLC purchased a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,953 shares of the transportation company’s stock, valued at approximately $94,000.

Several other institutional investors and hedge funds have also modified their holdings of JBLU. Ballentine Partners LLC purchased a new position in shares of JetBlue Airways during the 4th quarter worth $114,000. SG Americas Securities LLC raised its position in shares of JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after purchasing an additional 1,444,491 shares during the period. Blue Trust Inc. raised its position in shares of 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 purchasing an additional 2,538 shares during the period. R Squared Ltd bought a new stake in shares of JetBlue Airways during the 4th quarter valued at $58,000. Finally, Spire Wealth Management raised its position in shares of JetBlue Airways by 175.9% during the 4th quarter. Spire Wealth Management now owns 54,470 shares of the transportation company’s stock valued at $428,000 after purchasing an additional 34,729 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at JetBlue Airways

In other news, 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 sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

JetBlue Airways Stock Up 3.0%

Shares of JBLU stock opened at $5.07 on Friday. The company’s fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $6.04. JetBlue Airways Co. has a 52 week low of $3.34 and a 52 week high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The stock has a market cap of $1.80 billion, a P/E ratio of -2.17 and a beta of 1.79.

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

Wall Street Analyst Weigh In

JBLU has been the topic of several recent analyst reports. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Raymond James downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price objective for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday. Finally, Bank of America decreased their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research report on Thursday, April 3rd. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.16.

About JetBlue Airways

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.