Y Intercept Hong Kong Ltd Invests $62,000 in JetBlue Airways Corporation $JBLU

Y Intercept Hong Kong Ltd purchased a new stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,774 shares of the transportation company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBLU. Wealth Enhancement Advisory Services LLC acquired a new stake in JetBlue Airways during the 2nd quarter valued at $47,000. Ballentine Partners LLC acquired a new stake in shares of JetBlue Airways in the second quarter worth $48,000. Alpha Wealth Funds LLC purchased a new position in shares of JetBlue Airways during the second quarter valued at $51,000. GW Henssler & Associates Ltd. acquired a new position in JetBlue Airways during the first quarter valued at $52,000. Finally, Teacher Retirement System of Texas acquired a new position in JetBlue Airways during the first quarter valued at $61,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Trading Up 4.0%

Shares of NASDAQ JBLU opened at $4.42 on Monday. The business has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $4.71. JetBlue Airways Corporation has a 52 week low of $3.34 and a 52 week high of $8.31. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -3.35 and a beta of 1.85. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.84 and a current ratio of 0.82.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.32 billion. During the same period in the previous year, the company earned ($0.16) earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. On average, research analysts predict that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. TD Cowen raised their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Monday, September 8th. Barclays reaffirmed an “underweight” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Finally, Susquehanna lifted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $5.28.

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.