JetBlue Airways Target of Unusually High Options Trading (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) was the recipient of some unusual options trading on Wednesday. Stock investors bought 27,043 call options on the stock. This is an increase of 47% compared to the average daily volume of 18,414 call options.

Analyst Ratings Changes

JBLU has been the topic of several analyst reports. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their target price for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Susquehanna boosted their price target on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Evercore ISI raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.43.

JetBlue Airways Stock Down 2.1 %

JetBlue Airways stock opened at $6.42 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The firm’s fifty day moving average price is $6.55 and its two-hundred day moving average price is $5.93. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -2.55 and a beta of 1.92. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.07.

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

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds have recently modified their holdings of the company. Bogart Wealth LLC increased its position in shares of JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of JetBlue Airways during the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of JetBlue Airways during the 2nd quarter worth $34,000. GAMMA Investing LLC boosted its holdings 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 last quarter. Finally, Point72 DIFC Ltd bought a new position in JetBlue Airways during the second quarter valued at about $48,000. Institutional investors own 83.71% of the company’s stock.

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.