JetBlue Airways Co. (JBLU) EVP George Martin J. St Sells 3,000 Shares
JetBlue Airways Co. (NASDAQ:JBLU) EVP George Martin J. St sold 3,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.00, for a total transaction of $69,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
George Martin J. St also recently made the following trade(s):
- On Thursday, December 7th, George Martin J. St sold 2,500 shares of JetBlue Airways stock. The shares were sold at an average price of $21.59, for a total transaction of $53,975.00.
JetBlue Airways Co. (NASDAQ JBLU) traded up $0.03 during trading hours on Friday, hitting $22.48. 2,422,000 shares of the stock traded hands, compared to its average volume of 4,572,450. JetBlue Airways Co. has a 12-month low of $18.05 and a 12-month 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. The stock has a market cap of $7,220.00, a PE ratio of 11.47 and a beta of 0.68.
JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the company posted $0.58 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. equities research analysts expect that JetBlue Airways Co. will post 1.76 earnings per share for the current fiscal year.
JetBlue Airways announced that its board has approved a stock buyback program on Wednesday, December 13th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management UK Ltd. lifted its position in shares of JetBlue Airways by 50.9% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 68,200 shares of the transportation company’s stock worth $1,523,000 after purchasing an additional 23,000 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of JetBlue Airways in the 4th quarter worth about $444,000. Frontier Capital Management Co. LLC lifted its position in shares of JetBlue Airways by 47.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock worth $118,251,000 after purchasing an additional 1,692,657 shares during the period. Oakbrook Investments LLC lifted its position in shares of JetBlue Airways by 15.4% in the 4th quarter. Oakbrook Investments LLC now owns 22,080 shares of the transportation company’s stock worth $493,000 after purchasing an additional 2,950 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of JetBlue Airways by 1.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,178,703 shares of the transportation company’s stock worth $26,333,000 after purchasing an additional 14,058 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. ValuEngine raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Cowen reissued a “market perform” rating and issued a $24.00 price target (up previously from $22.00) on shares of JetBlue Airways in a report on Tuesday, December 12th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target (up previously from $20.00) on shares of JetBlue Airways in a report on Wednesday, January 10th. Finally, Bank of America lowered shares of JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.09.
JetBlue Airways 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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