U S Global Investors Inc. Acquires 1,011,279 Shares of JetBlue Airways Corporation $JBLU

U S Global Investors Inc. boosted its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 25.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,021,419 shares of the transportation company’s stock after acquiring an additional 1,011,279 shares during the quarter. JetBlue Airways accounts for approximately 2.5% of U S Global Investors Inc.’s portfolio, making the stock its 10th largest position. U S Global Investors Inc.’s holdings in JetBlue Airways were worth $21,241,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in JetBlue Airways in the second quarter valued at approximately $47,000. GW Henssler & Associates Ltd. acquired a new position in JetBlue Airways in the first quarter valued at approximately $52,000. Ballentine Partners LLC acquired a new position in JetBlue Airways in the second quarter valued at approximately $48,000. Teacher Retirement System of Texas acquired a new position in JetBlue Airways in the first quarter valued at approximately $61,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in JetBlue Airways by 201.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company’s stock valued at $76,000 after buying an additional 10,519 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Trading Down 4.3%

JBLU opened at $4.40 on Friday. The firm’s fifty day moving average is $4.97 and its two-hundred day moving average is $4.65. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The firm has a market cap of $1.60 billion, a PE ratio of -4.00 and a beta of 1.82. JetBlue Airways Corporation has a twelve month low of $3.34 and a twelve month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.26 billion. Equities research analysts anticipate that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

JBLU has been the topic of several analyst reports. TD Cowen increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday, September 8th. UBS Group increased their price objective on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a report on Friday, September 5th. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Susquehanna increased their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of “Reduce” and a consensus price target of $5.28.

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.