JetBlue Airways (NASDAQ:JBLU) Hits New 1-Year Low – Time to Sell?

JetBlue Airways Co. (NASDAQ:JBLU)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.44 and last traded at $4.63, with a volume of 10755925 shares traded. The stock had previously closed at $4.82.

Wall Street Analyst Weigh In

A number of research firms recently commented on JBLU. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America reiterated an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a report on Friday, January 17th. Susquehanna dropped their target price on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, UBS Group lowered their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways presently has an average rating of “Hold” and a consensus price target of $6.33.

JetBlue Airways Trading Down 1.6 %

The stock has a 50-day moving average of $6.35 and a 200 day moving average of $6.64. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The stock has a market cap of $1.67 billion, a PE ratio of -2.03 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate 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 period in the prior year, the company posted ($0.19) EPS. As a group, sell-side analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Buying and Selling at JetBlue Airways

In other news, Director Nik Mittal bought 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm’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 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.

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in 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 buying an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in JetBlue Airways during the 4th quarter worth $40,000. Bogart Wealth LLC grew its holdings in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after buying an additional 2,850 shares in the last quarter. R Squared Ltd acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at about $58,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of JetBlue Airways in the third quarter worth about $66,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.