JetBlue Airways Corporation (JBLU) Short Interest Update
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.
COPYRIGHT VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/11/14/jetblue-airways-corporation-jblu-short-interest-update.html.
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.
Receive News & Stock Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related stocks with our FREE daily email newsletter.