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

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

Several other hedge funds and other institutional investors also recently modified their holdings of JBLU. Jeppson Wealth Management LLC lifted its position in JetBlue Airways by 15.7% in the 3rd quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 1,850 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of JetBlue Airways by 11.3% in the third quarter. Victory Capital Management Inc. now owns 153,582 shares of the transportation company’s stock valued at $1,007,000 after purchasing an additional 15,641 shares during the period. Privium Fund Management UK Ltd bought a new stake in shares of JetBlue Airways during the third quarter valued at approximately $794,000. Empowered Funds LLC boosted its position in shares of JetBlue Airways by 5.4% during the third quarter. Empowered Funds LLC now owns 1,289,237 shares of the transportation company’s stock worth $8,457,000 after buying an additional 65,660 shares during the period. Finally, LMR Partners LLP bought a new position in JetBlue Airways in the 3rd quarter worth approximately $172,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Trading Up 0.2 %

Shares of NASDAQ:JBLU opened at $6.11 on Monday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -2.61 and a beta of 1.80. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31. The company has a 50 day moving average price of $7.05 and a 200 day moving average price of $6.61.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted ($0.19) earnings per share. On average, research analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

JBLU has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and cut their target price for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Susquehanna lowered their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.33.

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.