SG Americas Securities LLC Raises Holdings in JetBlue Airways Corporation $JBLU

SG Americas Securities LLC raised its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 72.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 839,551 shares of the transportation company’s stock after purchasing an additional 353,606 shares during the period. SG Americas Securities LLC owned about 0.23% of JetBlue Airways worth $3,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after buying an additional 5,049 shares during the period. Bogart Wealth LLC lifted its stake in JetBlue Airways by 12,727.3% in the third quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $35,000 after acquiring an additional 7,000 shares during the last quarter. HUB Investment Partners LLC acquired a new position in JetBlue Airways during the 2nd quarter worth approximately $45,000. Rafferty Asset Management LLC acquired a new position in JetBlue Airways during the 2nd quarter worth approximately $51,000. Finally, NewEdge Advisors LLC increased its position in shares of JetBlue Airways by 1,113.2% in the 2nd quarter. NewEdge Advisors LLC now owns 13,078 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Susquehanna increased their target price on JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a report on Friday, January 9th. TD Cowen upgraded JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Evercore increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Reduce” and a consensus target price of $4.81.

JetBlue Airways Trading Down 0.7%

Shares of JetBlue Airways stock opened at $4.52 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 3.65. The company has a fifty day simple moving average of $5.08 and a 200-day simple moving average of $4.83. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -2.71 and a beta of 1.75. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm earned ($0.21) earnings per share. JetBlue Airways’s revenue was down 1.4% on a year-over-year basis. On average, equities analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

About JetBlue Airways

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.