1,202,384 Shares in JetBlue Airways Corporation $JBLU Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,202,384 shares of the transportation company’s stock, valued at approximately $6,890,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in JetBlue Airways by 85.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after acquiring an additional 5,591,470 shares during the last quarter. Deutsche Bank AG grew its position in shares of JetBlue Airways by 1,157.9% in the fourth quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock valued at $15,270,000 after purchasing an additional 3,089,226 shares during the last quarter. Par Capital Management Inc. grew its position in shares of JetBlue Airways by 105.3% in the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock valued at $23,212,000 after purchasing an additional 2,814,870 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of JetBlue Airways during the 4th quarter worth approximately $8,795,000. Finally, Renaissance Technologies LLC raised its position in shares of JetBlue Airways by 235.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock worth $9,928,000 after purchasing an additional 1,577,500 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other JetBlue Airways news, CFO Ursula L. Hurley sold 77,253 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the sale, the chief financial officer directly owned 211,099 shares of the company’s stock, valued at approximately $1,215,930.24. This trade represents a 26.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vivek Sharma sold 32,000 shares of JetBlue Airways stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $5.41, for a total value of $173,120.00. Following the completion of the sale, the director owned 35,479 shares of the company’s stock, valued at $191,941.39. This trade represents a 47.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 111,253 shares of company stock worth $629,597 over the last quarter. 2.41% of the stock is currently owned by company insiders.

JetBlue Airways Trading Down 0.5%

Shares of JetBlue Airways stock opened at $5.78 on Thursday. JetBlue Airways Corporation has a fifty-two week low of $3.87 and a fifty-two week high of $6.62. The firm has a market cap of $2.18 billion, a PE ratio of -2.42 and a beta of 1.74. The business’s fifty day moving average is $5.59 and its two-hundred day moving average is $5.24. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.03. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) earnings per share. Analysts anticipate that JetBlue Airways Corporation will post -2.35 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on JBLU. Susquehanna increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Bank of America boosted their price target on JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. UBS Group upped their price objective on JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Tuesday, June 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Friday, July 17th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of JetBlue Airways in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $5.40.

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.