21,596 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,596 shares of the transportation company’s stock, valued at approximately $170,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways during the 3rd quarter valued at about $28,000. Blue Trust Inc. raised its holdings in shares of JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways in the 4th quarter valued at $40,000. Bogart Wealth LLC lifted its stake 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 valued at $55,000 after purchasing an additional 2,850 shares during the last quarter. Finally, R Squared Ltd bought a new stake in JetBlue Airways in the fourth quarter worth $58,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $6.11 on Monday. The company’s fifty day moving average is $7.05 and its two-hundred day moving average is $6.61. JetBlue Airways Co. has a 52-week low of $4.50 and a 52-week high of $8.31. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -2.61 and a beta of 1.80.

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

Analyst Ratings Changes

Several equities analysts have weighed in on JBLU shares. Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Bank of America reissued an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price target for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $6.33.

Insider Activity

In other news, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nik Mittal bought 100,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the purchase, the director now owns 116,443 shares of the company’s stock, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by company insiders.

JetBlue Airways Company 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.