SG Americas Securities LLC Has $2.39 Million Stock Position in JetBlue Airways Corporation $JBLU

by · The Markets Daily

SG Americas Securities LLC increased its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU – Free Report) by 372.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 485,945 shares of the transportation company’s stock after acquiring an additional 383,018 shares during the period. SG Americas Securities LLC owned about 0.13% of JetBlue Airways worth $2,391,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of JBLU. CWM LLC raised its stake in shares of JetBlue Airways by 3.2% during the 3rd quarter. CWM LLC now owns 78,200 shares of the transportation company’s stock worth $385,000 after purchasing an additional 2,394 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of JetBlue Airways by 10.7% in the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after buying an additional 2,954 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in JetBlue Airways by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 78,237 shares of the transportation company’s stock worth $331,000 after acquiring an additional 5,588 shares in the last quarter. Osaic Holdings Inc. raised its position in JetBlue Airways by 5.7% during the second quarter. Osaic Holdings Inc. now owns 104,341 shares of the transportation company’s stock worth $441,000 after acquiring an additional 5,631 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in JetBlue Airways by 10.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 73,178 shares of the transportation company’s stock worth $310,000 after acquiring an additional 6,957 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Down 1.0%

Shares of JBLU opened at $4.84 on Wednesday. The firm has a market cap of $1.76 billion, a P/E ratio of -3.67 and a beta of 1.78. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82. JetBlue Airways Corporation has a 52 week low of $3.34 and a 52 week high of $8.31. The firm’s 50-day simple moving average is $4.62 and its 200 day simple moving average is $4.69.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business posted ($0.16) earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts forecast that JetBlue Airways Corporation will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup decreased their price objective on shares of JetBlue Airways from $4.10 to $4.00 and set a “sell” rating for the company in a research report on Wednesday, January 7th. Morgan Stanley reduced their price target on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. TD Cowen boosted their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Finally, Susquehanna lifted their target price on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Six investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Reduce” and a consensus price target of $4.93.

Get Our Latest Report on JetBlue Airways

About JetBlue Airways

(Free Report)

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

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