Quantbot Technologies LP Acquires 334,032 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Quantbot Technologies LP grew its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 56.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 922,925 shares of the transportation company’s stock after purchasing an additional 334,032 shares during the quarter. Quantbot Technologies LP owned about 0.27% of JetBlue Airways worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in JBLU. Vanguard Group Inc. lifted its position in shares of JetBlue Airways by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock valued at $277,336,000 after acquiring an additional 317,263 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of JetBlue Airways by 6.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 267,665 shares of the transportation company’s stock worth $1,987,000 after purchasing an additional 15,296 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of JetBlue Airways by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 216,328 shares of the transportation company’s stock worth $1,606,000 after purchasing an additional 11,986 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of JetBlue Airways in the 1st quarter valued at about $317,000. Finally, GAMMA Investing LLC increased its position in JetBlue Airways by 79.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after buying an additional 2,993 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $5.91 on Wednesday. JetBlue Airways Co. has a 52 week low of $4.10 and a 52 week high of $8.07. The company’s 50 day moving average price is $6.52 and its two-hundred day moving average price is $5.93. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. The business’s revenue was up .5% on a year-over-year basis. On average, research analysts predict that JetBlue Airways Co. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of research reports. The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research note on Friday, November 15th. Barclays lifted their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Citigroup upped their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. UBS Group reiterated a “sell” rating and set a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday. Finally, Evercore ISI upped their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.43.

JetBlue Airways 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.