JetBlue Airways Corporation (NASDAQ:JBLU) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 18,770,059 shares, a growth of 8.6% from the October 13th total of 17,276,642 shares. Based on an average daily volume of 6,681,440 shares, the short-interest ratio is presently 2.8 days. Currently, 5.9% of the company’s shares are short sold.

In other news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40. Following the sale, the director now directly owns 549,942 shares of the company’s stock, valued at $10,927,347.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $19.89, for a total value of $39,780.00. Following the sale, the chief executive officer now directly owns 404,362 shares in the company, valued at $8,042,760.18. The disclosure for this sale can be found here. Insiders have sold 24,860 shares of company stock worth $474,419 over the last ninety days. 0.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CENTRAL TRUST Co bought a new stake in shares of JetBlue Airways Corporation during the 2nd quarter worth about $162,000. IFP Advisors Inc boosted its stake in shares of JetBlue Airways Corporation by 38.1% during the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after acquiring an additional 2,117 shares in the last quarter. Capital Management Associates NY bought a new stake in shares of JetBlue Airways Corporation during the 2nd quarter worth about $203,000. Investment Centers of America Inc. bought a new stake in shares of JetBlue Airways Corporation during the 2nd quarter worth about $205,000. Finally, Keybank National Association OH bought a new stake in shares of JetBlue Airways Corporation during the 2nd quarter worth about $210,000. Institutional investors own 85.19% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Wednesday, November 1st. Deutsche Bank AG upped their price target on JetBlue Airways Corporation from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Imperial Capital reissued a “buy” rating and set a $31.00 price target on shares of JetBlue Airways Corporation in a research report on Tuesday, October 17th. Cowen and Company upped their price target on JetBlue Airways Corporation from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, October 12th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $20.00 price target (down from $21.00) on shares of JetBlue Airways Corporation in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. JetBlue Airways Corporation currently has a consensus rating of “Hold” and an average target price of $25.02.

Shares of JetBlue Airways Corporation (JBLU) opened at $18.95 on Tuesday. The stock has a market capitalization of $6,089.08, a PE ratio of 9.79 and a beta of 0.65. JetBlue Airways Corporation has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 EPS. research analysts expect that JetBlue Airways Corporation will post 1.73 earnings per share for the current year.

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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.

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