James G. Hnat Sells 6,000 Shares of JetBlue Airways Corp. (JBLU) Stock
JetBlue Airways Corp. (NASDAQ:JBLU) EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corp. stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $20.23, for a total value of $121,380.00. Following the completion of the transaction, the executive vice president now directly owns 26,564 shares of the company’s stock, valued at $537,389.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
James G. Hnat also recently made the following trade(s):
- On Friday, September 16th, James G. Hnat sold 10,000 shares of JetBlue Airways Corp. stock. The shares were sold at an average price of $17.27, for a total value of $172,700.00.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 20.73 on Monday. The company has a 50 day moving average price of $18.21 and a 200 day moving average price of $17.56. JetBlue Airways Corp. has a 12 month low of $14.76 and a 12 month high of $27.00. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.20 and a beta of 0.30.
JetBlue Airways Corp. (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 25th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by $0.02. The firm earned $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. JetBlue Airways Corp. had a net margin of 11.66% and a return on equity of 21.13%. JetBlue Airways Corp.’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Analysts anticipate that JetBlue Airways Corp. will post $2.14 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. AMP Capital Investors Ltd purchased a new position in JetBlue Airways Corp. during the first quarter valued at approximately $491,000. Envestnet Asset Management Inc. increased its position in JetBlue Airways Corp. by 60.7% in the first quarter. Envestnet Asset Management Inc. now owns 43,654 shares of the company’s stock valued at $922,000 after buying an additional 16,495 shares in the last quarter. Springbok Capital Management LLC increased its position in JetBlue Airways Corp. by 76.8% in the first quarter. Springbok Capital Management LLC now owns 34,325 shares of the company’s stock valued at $725,000 after buying an additional 14,910 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in JetBlue Airways Corp. by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 296,120 shares of the company’s stock valued at $6,254,000 after buying an additional 13,353 shares in the last quarter. Finally, LPL Financial LLC increased its position in JetBlue Airways Corp. by 4.9% in the first quarter. LPL Financial LLC now owns 151,610 shares of the company’s stock valued at $3,046,000 after buying an additional 7,034 shares in the last quarter. Hedge funds and other institutional investors own 80.01% of the company’s stock.
JBLU has been the subject of a number of research analyst reports. Vetr cut JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 price target for the company. in a report on Tuesday, July 26th. JPMorgan Chase & Co. dropped their price objective on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Morgan Stanley reissued a “hold” rating and set a $18.00 price objective on shares of JetBlue Airways Corp. in a report on Thursday, July 28th. Credit Suisse Group AG set a $20.00 price objective on JetBlue Airways Corp. and gave the stock a “hold” rating in a report on Monday, September 12th. Finally, Imperial Capital started coverage on JetBlue Airways Corp. in a report on Friday, September 16th. They set an “outperform” rating and a $21.00 price objective for the company. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.69.
JetBlue Airways Corp. Company Profile
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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