Crow Point Partners LLC purchased a new position in JetBlue Airways Corporation (NASDAQ:JBLU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,814 shares of the transportation company’s stock, valued at approximately $636,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of JetBlue Airways Corporation by 13,299.6% in the first quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock valued at $564,889,000 after buying an additional 27,203,916 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of JetBlue Airways Corporation by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company’s stock valued at $222,704,000 after buying an additional 2,632,973 shares during the last quarter. Vanguard Group Inc. raised its position in shares of JetBlue Airways Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock valued at $596,262,000 after buying an additional 2,085,912 shares during the last quarter. Norges Bank acquired a new position in shares of JetBlue Airways Corporation during the fourth quarter valued at $44,734,000. Finally, Macquarie Group Ltd. raised its position in shares of JetBlue Airways Corporation by 2,465.3% in the first quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock valued at $36,587,000 after buying an additional 1,706,000 shares during the last quarter. 84.23% of the stock is owned by institutional investors and hedge funds.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) traded up 0.405% during trading on Monday, reaching $23.525. The company’s stock had a trading volume of 3,538,339 shares. The stock’s 50 day moving average price is $22.39 and its 200 day moving average price is $21.29. JetBlue Airways Corporation has a 52 week low of $15.70 and a 52 week high of $24.13. The company has a market cap of $7.85 billion, a PE ratio of 12.594 and a beta of 0.54.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 25th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. JetBlue Airways Corporation had a return on equity of 16.42% and a net margin of 9.61%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was down .7% compared to the same quarter last year. Equities research analysts predict that JetBlue Airways Corporation will post $1.92 EPS for the current year.

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Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, July 12th. BidaskClub lowered shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Bank of America Corporation raised their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. JetBlue Airways Corporation currently has a consensus rating of “Hold” and a consensus target price of $25.75.

In related news, Director Joel Clinton Peterson sold 7,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $21.37, for a total value of $149,590.00. Following the sale, the director now owns 577,422 shares in the company, valued at approximately $12,339,508.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $21.76, for a total value of $43,520.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,740 shares of company stock worth $1,009,482. Company insiders own 0.60% of the company’s stock.

JetBlue Airways Corporation 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. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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

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