Patriot Financial Group Insurance Agency LLC Acquires 99,550 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

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Patriot Financial Group Insurance Agency LLC lifted its position in JetBlue Airways Co. (NASDAQ:JBLUGet Rating) by 4,424.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,800 shares of the transportation company’s stock after purchasing an additional 99,550 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in JetBlue Airways were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBLU. Raymond James & Associates increased its stake in shares of JetBlue Airways by 162.3% in the first quarter. Raymond James & Associates now owns 174,219 shares of the transportation company’s stock worth $2,605,000 after purchasing an additional 107,791 shares in the last quarter. American Century Companies Inc. increased its stake in shares of JetBlue Airways by 21.7% in the first quarter. American Century Companies Inc. now owns 44,471 shares of the transportation company’s stock worth $665,000 after purchasing an additional 7,941 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of JetBlue Airways by 4.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,508 shares of the transportation company’s stock worth $860,000 after purchasing an additional 2,320 shares in the last quarter. Natixis Advisors L.P. increased its stake in shares of JetBlue Airways by 10.2% in the first quarter. Natixis Advisors L.P. now owns 20,552 shares of the transportation company’s stock worth $307,000 after purchasing an additional 1,902 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of JetBlue Airways in the first quarter worth $1,117,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on JBLU shares. Cowen cut shares of JetBlue Airways from an “outperform” rating to a “market perform” rating and cut their target price for the company from $10.00 to $9.00 in a research note on Thursday, December 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of JetBlue Airways from $10.00 to $8.50 in a research note on Tuesday, December 20th. Citigroup started coverage on shares of JetBlue Airways in a research note on Monday, December 5th. They set a “neutral” rating and a $9.00 target price for the company. Cowen cut shares of JetBlue Airways from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a research note on Thursday, December 15th. Finally, StockNews.com raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.29.

JetBlue Airways Stock Up 4.0 %

NASDAQ:JBLU opened at $8.12 on Friday. The company has a market cap of $2.63 billion, a PE ratio of -5.11 and a beta of 1.51. JetBlue Airways Co. has a twelve month low of $6.18 and a twelve month high of $16.39. The company has a current ratio of 0.67, a quick ratio of 0.65 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $7.38 and its two-hundred day moving average is $7.72.

JetBlue Airways (NASDAQ:JBLUGet Rating) last released its earnings results on Tuesday, October 25th. The transportation company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.55 billion. JetBlue Airways had a negative return on equity of 12.67% and a negative net margin of 6.00%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) EPS. Analysts anticipate that JetBlue Airways Co. will post -0.86 EPS for the current year.

JetBlue Airways Profile

(Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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