Cubist Systematic Strategies LLC increased its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,310 shares of the transportation company’s stock after purchasing an additional 310 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in JetBlue Airways Corporation were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JBLU. Alliancebernstein L.P. increased its position in JetBlue Airways Corporation by 1,135.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after purchasing an additional 2,690,638 shares in the last quarter. Prudential Financial Inc. increased its position in JetBlue Airways Corporation by 135.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after purchasing an additional 1,410,594 shares in the last quarter. Victory Capital Management Inc. increased its position in JetBlue Airways Corporation by 35.0% during the 2nd quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock worth $84,649,000 after purchasing an additional 961,535 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in JetBlue Airways Corporation by 207.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,311,934 shares of the transportation company’s stock worth $29,951,000 after purchasing an additional 884,560 shares in the last quarter. Finally, Mik Capital LLC increased its position in JetBlue Airways Corporation by 91.5% during the 2nd quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock worth $40,632,000 after purchasing an additional 850,419 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.

In other news, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.45, for a total transaction of $94,464.00. The disclosure for this sale can be found here. Insiders sold 18,740 shares of company stock worth $358,393 in the last 90 days. Company insiders own 0.60% of the company’s stock.

A number of equities analysts recently issued reports on the stock. J P Morgan Chase & Co cut shares of JetBlue Airways Corporation to a “hold” rating and set a $22.00 price objective for the company. in a research report on Wednesday. BidaskClub cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Morgan Stanley reiterated an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. JetBlue Airways Corporation presently has a consensus rating of “Hold” and a consensus price target of $25.02.

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Shares of JetBlue Airways Corporation (JBLU) opened at 19.15 on Wednesday. JetBlue Airways Corporation has a 1-year low of $16.85 and a 1-year high of $24.13. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 9.72 and a beta of 0.59. The stock has a 50 day moving average of $19.50 and a 200-day moving average of $21.25.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its 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. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 16.06%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that JetBlue Airways Corporation will post $1.75 earnings per share for the current year.

About JetBlue Airways Corporation

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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