Aquatic Capital Management LLC Invests $2.24 Million in JetBlue Airways Co. (NASDAQ:JBLU)

Aquatic Capital Management LLC acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 285,445 shares of the transportation company’s stock, valued at approximately $2,244,000. Aquatic Capital Management LLC owned about 0.08% of JetBlue Airways as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after acquiring an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $40,000. Bogart Wealth LLC lifted its holdings in shares of JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after acquiring an additional 2,850 shares during the last quarter. R Squared Ltd bought a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $58,000. Finally, GAMMA Investing LLC lifted its holdings in shares of JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after acquiring an additional 3,857 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Insider Activity

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

JBLU has been the subject of a number of recent research reports. Bank of America lowered their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a report on Thursday, April 3rd. Susquehanna decreased their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Citigroup decreased their target price on shares of JetBlue Airways from $7.15 to $4.25 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Raymond James raised shares of JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 target price on the stock in a research note on Monday, April 7th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.09.

JetBlue Airways Stock Up 4.9 %

Shares of JetBlue Airways stock opened at $4.07 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The company’s fifty day simple moving average is $5.05 and its two-hundred day simple moving average is $6.27. The company has a market cap of $1.44 billion, a P/E ratio of -1.74 and a beta of 1.69. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the prior year, the company posted ($0.19) EPS. Research analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current year.

JetBlue Airways Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.