Wealth Enhancement Advisory Services LLC Makes New $47,000 Investment in JetBlue Airways Corporation $JBLU

Wealth Enhancement Advisory Services LLC bought a new position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,545 shares of the transportation company’s stock, valued at approximately $47,000.

Several other hedge funds have also recently bought and sold shares of the stock. Pinnacle Holdings LLC raised its holdings in shares of JetBlue Airways by 1.3% in the first quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company’s stock valued at $1,145,000 after purchasing an additional 3,113 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of JetBlue Airways by 15.0% in the first quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 3,302 shares during the last quarter. one8zero8 LLC raised its holdings in shares of JetBlue Airways by 26.4% in the first quarter. one8zero8 LLC now owns 31,600 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 6,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JetBlue Airways by 77.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 16,462 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 7,211 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of JetBlue Airways by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after buying an additional 8,053 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBLU has been the subject of several analyst reports. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the company a “neutral” rating in a research note on Tuesday, July 29th. TD Cowen raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Monday, September 8th. UBS Group raised their target price on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research note on Friday, September 5th. Barclays reissued an “underweight” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $5.28.

JetBlue Airways Trading Down 4.3%

JBLU stock opened at $4.40 on Monday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. The company has a fifty day moving average price of $4.97 and a two-hundred day moving average price of $4.64. JetBlue Airways Corporation has a one year low of $3.34 and a one year high of $8.31. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -4.00 and a beta of 1.82.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.15. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.26 billion. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. Equities analysts anticipate that JetBlue Airways Corporation will post -0.69 EPS for the current year.

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.