Point72 Asia Singapore Pte. Ltd. Buys 59,044 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 255.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,153 shares of the transportation company’s stock after purchasing an additional 59,044 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in JetBlue Airways were worth $539,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JBLU. Price T Rowe Associates Inc. MD increased its holdings in JetBlue Airways by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 216,328 shares of the transportation company’s stock valued at $1,606,000 after buying an additional 11,986 shares during the period. GAMMA Investing LLC raised its position in JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 2,993 shares in the last quarter. Trust Co. of Vermont acquired a new position in JetBlue Airways during the second quarter valued at approximately $27,000. Smith Anglin Financial LLC acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at $74,000. Finally, Gilman Hill Asset Management LLC increased its stake in shares of JetBlue Airways by 2.3% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 300,480 shares of the transportation company’s stock valued at $1,830,000 after purchasing an additional 6,690 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on JBLU. UBS Group restated a “sell” rating and set a $5.00 price objective on shares of JetBlue Airways in a research report on Tuesday, November 26th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Citigroup increased their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, Barclays increased their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.43.

JetBlue Airways Stock Up 3.7 %

Shares of NASDAQ:JBLU opened at $6.19 on Tuesday. The business has a fifty day simple moving average of $6.54 and a 200 day simple moving average of $5.93. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.07. The firm has a market cap of $2.15 billion, a P/E ratio of -2.46 and a beta of 1.92. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the firm earned ($0.39) earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Analysts predict that JetBlue Airways Co. will post -0.92 earnings per share for the current year.

About JetBlue Airways

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.