Natixis Advisors LLC Purchases Shares of 26,445 JetBlue Airways Co. (NASDAQ:JBLU)

Natixis Advisors LLC acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, Holdings Channel reports. The fund acquired 26,445 shares of the transportation company’s stock, valued at approximately $208,000.

Several other large investors have also modified their holdings of JBLU. JPMorgan Chase & Co. increased its stake in JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the period. SG Americas Securities LLC grew its holdings in JetBlue Airways by 5,648.9% in the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after purchasing an additional 1,444,491 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in JetBlue Airways by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock worth $52,864,000 after acquiring an additional 1,063,929 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of JetBlue Airways by 429.7% in the third quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock valued at $8,084,000 after acquiring an additional 999,713 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of JetBlue Airways in the fourth quarter valued at approximately $6,632,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nik Mittal purchased 100,000 shares of the firm’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 disclosure for this purchase can be found here. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America restated an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. UBS Group lowered their target price on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price target for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Citigroup increased their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Stock Down 2.3 %

JBLU opened at $5.21 on Friday. 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 business has a 50 day moving average price of $6.40 and a 200 day moving average price of $6.64. The firm has a market cap of $1.84 billion, a P/E ratio of -2.23 and a beta of 1.80. JetBlue Airways Co. has a twelve month low of $4.50 and a twelve month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted ($0.19) EPS. Research analysts forecast that JetBlue Airways Co. will post -0.69 EPS 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.