JetBlue Airways Corp. (JBLU) Position Increased by ClariVest Asset Management LLC
ClariVest Asset Management LLC raised its position in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,098 shares of the company’s stock after buying an additional 634 shares during the period. ClariVest Asset Management LLC owned 0.19% of JetBlue Airways Corp. worth $10,385,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in JBLU. Acrospire Investment Management LLC acquired a new stake in JetBlue Airways Corp. during the first quarter worth approximately $112,000. Cribstone Capital Management LLC acquired a new stake in JetBlue Airways Corp. during the second quarter worth approximately $115,000. Shufro Rose & Co. LLC increased its stake in JetBlue Airways Corp. by 3.4% in the first quarter. Shufro Rose & Co. LLC now owns 10,387 shares of the company’s stock worth $219,000 after buying an additional 337 shares during the period. Stratos Wealth Partners LTD. increased its stake in JetBlue Airways Corp. by 2.0% in the first quarter. Stratos Wealth Partners LTD. now owns 11,481 shares of the company’s stock worth $242,000 after buying an additional 220 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in JetBlue Airways Corp. by 5.5% in the second quarter. Eqis Capital Management Inc. now owns 12,151 shares of the company’s stock worth $201,000 after buying an additional 633 shares during the period. 79.64% of the stock is owned by institutional investors.
JetBlue Airways Corp. (NASDAQ:JBLU) traded down 1.34% during mid-day trading on Thursday, reaching $17.62. The company’s stock had a trading volume of 3,504,022 shares. The firm has a 50-day moving average of $16.76 and a 200 day moving average of $18.00. JetBlue Airways Corp. has a 1-year low of $14.76 and a 1-year high of $27.09. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 7.82 and a beta of 0.36.
JetBlue Airways Corp. (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The business earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts expect that JetBlue Airways Corp. will post $2.19 earnings per share for the current year.
A number of equities research analysts have commented on the company. Morgan Stanley reissued a “hold” rating and issued a $18.00 target price on shares of JetBlue Airways Corp. in a report on Thursday, July 28th. Vetr downgraded JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 price target for the company. in a research note on Tuesday, July 26th. Zacks Investment Research raised JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $23.00 price target on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.51.
In other news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $15.81, for a total transaction of $80,947.20. Following the completion of the sale, the director now directly owns 599,773 shares of the company’s stock, valued at $9,482,411.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP James G. Hnat sold 10,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $17.27, for a total value of $172,700.00. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
About JetBlue Airways Corp.
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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