Creative Planning Has $512,000 Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Creative Planning raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 46.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,062 shares of the transportation company’s stock after purchasing an additional 26,834 shares during the period. Creative Planning’s holdings in JetBlue Airways were worth $512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBLU. American Century Companies Inc. boosted its holdings in shares of JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after purchasing an additional 1,135,217 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings in shares of JetBlue Airways by 6.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after acquiring an additional 805,404 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of JetBlue Airways by 1,932.3% during the 2nd quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock valued at $3,586,000 after acquiring an additional 559,917 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of JetBlue Airways by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after acquiring an additional 521,767 shares in the last quarter. Finally, Redwood Investment Management LLC acquired a new stake in shares of JetBlue Airways during the 1st quarter valued at $3,229,000. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Trading Up 1.8 %

NASDAQ:JBLU opened at $6.84 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $7.65. The company has a market cap of $2.33 billion, a PE ratio of -2.77 and a beta of 1.92. The firm has a 50-day moving average of $5.69 and a 200-day moving average of $5.90.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.26. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, equities research analysts expect that JetBlue Airways Co. will post -0.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JBLU. Susquehanna raised their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Friday. Evercore ISI lifted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Citigroup lifted their target price on JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.80.

About JetBlue Airways

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.