JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) insider Carol Ann Clements sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.75, for a total transaction of $11,500.00. Following the sale, the insider owned 183,896 shares in the company, valued at $1,057,402. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
JetBlue Airways Stock Down 0.8%
JetBlue Airways stock opened at $6.36 on Thursday. The company has a 50 day moving average of $5.52 and a 200-day moving average of $5.22. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. JetBlue Airways Corporation has a twelve month low of $3.87 and a twelve month high of $6.62. The stock has a market capitalization of $2.40 billion, a PE ratio of -2.66 and a beta of 1.74.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted ($0.21) earnings per share. On average, equities research analysts anticipate that JetBlue Airways Corporation will post -2.33 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Research Report on JetBlue Airways
Institutional Investors Weigh In On JetBlue Airways
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its stake in JetBlue Airways by 0.6% in the fourth quarter. Stifel Financial Corp now owns 326,990 shares of the transportation company’s stock valued at $1,488,000 after buying an additional 1,928 shares during the period. Vident Advisory LLC grew its position in shares of JetBlue Airways by 20.2% during the 4th quarter. Vident Advisory LLC now owns 13,232 shares of the transportation company’s stock worth $60,000 after buying an additional 2,226 shares during the period. Essex Financial Services Inc. grew its position in shares of JetBlue Airways by 12.4% during the 4th quarter. Essex Financial Services Inc. now owns 23,504 shares of the transportation company’s stock worth $107,000 after buying an additional 2,599 shares during the period. Cetera Investment Advisers increased its stake in shares of JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,954 shares in the last quarter. Finally, Amundi increased its stake in shares of JetBlue Airways by 8.9% in the 1st quarter. Amundi now owns 39,447 shares of the transportation company’s stock valued at $174,000 after acquiring an additional 3,238 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.
About JetBlue Airways
JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.
The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.
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