CrestPoint Capital Management LLC Takes Position in JetBlue Airways Corp. (JBLU)
CrestPoint Capital Management LLC acquired a new position in shares of JetBlue Airways Corp. (NASDAQ:JBLU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 89,100 shares of the company’s stock, valued at approximately $1,536,000.
Other large investors also recently made changes to their positions in the company. Acrospire Investment Management LLC raised its stake in shares of JetBlue Airways Corp. by 22.6% in the second quarter. Acrospire Investment Management LLC now owns 6,500 shares of the company’s stock worth $108,000 after buying an additional 1,200 shares during the last quarter. Exane Derivatives raised its stake in shares of JetBlue Airways Corp. by 173.3% in the second quarter. Exane Derivatives now owns 6,623 shares of the company’s stock worth $110,000 after buying an additional 4,200 shares during the last quarter. Cribstone Capital Management LLC bought a new stake in shares of JetBlue Airways Corp. during the second quarter worth $115,000. Nisa Investment Advisors LLC raised its stake in shares of JetBlue Airways Corp. by 128.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $138,000 after buying an additional 4,500 shares during the last quarter. Finally, Advisor Group Inc. bought a new stake in shares of JetBlue Airways Corp. during the second quarter worth $163,000. Institutional investors own 81.21% of the company’s stock.
JetBlue Airways Corp. (NASDAQ:JBLU) traded down 2.95% during mid-day trading on Wednesday, reaching $20.09. The company has a 50-day moving average of $18.69 and a 200 day moving average of $17.58. JetBlue Airways Corp. has a 52 week low of $14.76 and a 52 week high of $27.00. The stock has a market cap of $6.50 billion, a P/E ratio of 8.92 and a beta of 0.30.
JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. JetBlue Airways Corp. had a net margin of 11.66% and a return on equity of 21.13%. The business earned $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts predict that JetBlue Airways Corp. will post $2.14 EPS for the current year.
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A number of equities research analysts recently weighed in on the stock. Vetr lowered shares of JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $19.72 price objective for the company. in a report on Monday, October 3rd. Morgan Stanley reiterated a “hold” rating and set a $19.00 price objective on shares of JetBlue Airways Corp. in a report on Sunday, August 21st. Zacks Investment Research upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, October 4th. Imperial Capital boosted their price target on shares of JetBlue Airways Corp. from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, October 28th. Finally, Credit Suisse Group AG set a $20.00 price target on shares of JetBlue Airways Corp. and gave the company a “hold” rating in a report on Monday, September 12th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. JetBlue Airways Corp. has a consensus rating of “Buy” and a consensus price target of $23.92.
In related news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $15.81, for a total value of $80,947.20. Following the sale, the director now owns 599,773 shares of the company’s stock, valued at $9,482,411.13. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James G. Hnat sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $17.27, for a total transaction of $172,700.00. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.
JetBlue Airways Corp. Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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