BNP Paribas Financial Markets Increases Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

BNP Paribas Financial Markets increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 429.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,232,385 shares of the transportation company’s stock after purchasing an additional 999,713 shares during the quarter. BNP Paribas Financial Markets’ holdings in JetBlue Airways were worth $8,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBLU. Price T Rowe Associates Inc. MD grew its holdings in JetBlue Airways by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 216,328 shares of the transportation company’s stock valued at $1,606,000 after purchasing an additional 11,986 shares during the period. GAMMA Investing LLC raised its position in shares of JetBlue Airways by 79.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after buying an additional 2,993 shares during the period. Trust Co. of Vermont acquired a new position in JetBlue Airways in the second quarter valued at $27,000. Smith Anglin Financial LLC purchased a new stake in JetBlue Airways during the second quarter valued at about $74,000. Finally, Gilman Hill Asset Management LLC raised its holdings in shares of JetBlue Airways by 2.3% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 300,480 shares of the transportation company’s stock worth $1,830,000 after purchasing an additional 6,690 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of research reports. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Evercore ISI increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group restated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. TD Cowen upped their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup boosted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.43.

JetBlue Airways Stock Up 3.7 %

JBLU stock opened at $6.19 on Tuesday. The company has a market capitalization of $2.15 billion, a P/E ratio of -2.46 and a beta of 1.92. The firm has a 50 day simple moving average of $6.54 and a 200-day simple moving average of $5.93. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways Co. has a twelve month low of $4.49 and a twelve month high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.39) EPS. On average, equities research analysts predict that JetBlue Airways Co. will post -0.92 earnings per share for the current fiscal year.

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.