Edgestream Partners L.P. purchased a new position in JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 741,803 shares of the transportation company's stock, valued at approximately $6,209,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in JetBlue Airways by 35.3% in the first quarter. Dimensional Fund Advisors LP now owns 9,074,312 shares of the transportation company's stock worth $135,659,000 after purchasing an additional 2,366,863 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of JetBlue Airways in the 1st quarter worth approximately $15,138,000. Donald Smith & CO. Inc. raised its holdings in shares of JetBlue Airways by 8.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 8,030,450 shares of the transportation company's stock worth $120,055,000 after purchasing an additional 647,816 shares in the last quarter. State Street Corp lifted its stake in JetBlue Airways by 5.7% during the first quarter. State Street Corp now owns 9,284,127 shares of the transportation company's stock valued at $138,798,000 after purchasing an additional 499,600 shares during the last quarter. Finally, TownSquare Capital LLC bought a new position in shares of JetBlue Airways in the second quarter valued at $3,655,000. Institutional investors own 72.18% of the company's stock.

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JetBlue Airways Stock Up 0.1 %

Shares of NASDAQ:JBLU traded up $0.01 during midday trading on Tuesday, reaching $7.75. 110,179 shares of the company's stock were exchanged, compared to its average volume of 11,665,034. The company's 50 day simple moving average is $7.37 and its two-hundred day simple moving average is $8.38. JetBlue Airways Co. has a 12 month low of $6.21 and a 12 month high of $16.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.65.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.55 billion. JetBlue Airways had a negative net margin of 6.00% and a negative return on equity of 12.67%. The company's revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) earnings per share. Equities research analysts forecast that JetBlue Airways Co. will post -0.81 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JBLU. StockNews.com raised JetBlue Airways from a "sell" rating to a "hold" rating in a research note on Wednesday, October 26th. Bank of America initiated coverage on shares of JetBlue Airways in a report on Thursday, August 4th. They issued a "neutral" rating and a $10.00 target price for the company. Evercore ISI cut their price target on shares of JetBlue Airways to $8.00 in a report on Tuesday, August 9th. Cowen decreased their price objective on shares of JetBlue Airways to $10.00 in a research note on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of JetBlue Airways from $16.00 to $10.00 in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.68.

JetBlue Airways Profile

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JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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