Public Sector Pension Investment Board Raises Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Public Sector Pension Investment Board boosted its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,409 shares of the transportation company’s stock after purchasing an additional 65,271 shares during the quarter. Public Sector Pension Investment Board owned about 0.22% of JetBlue Airways worth $4,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. AE Wealth Management LLC raised its position in shares of JetBlue Airways by 97.4% during the 2nd quarter. AE Wealth Management LLC now owns 27,193 shares of the transportation company’s stock valued at $166,000 after buying an additional 13,415 shares in the last quarter. XTX Topco Ltd bought a new position in JetBlue Airways in the second quarter valued at $227,000. Quantbot Technologies LP increased its stake in JetBlue Airways by 1,932.3% in the second 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 during the last quarter. Dimensional Fund Advisors LP raised its position in JetBlue Airways by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after purchasing an additional 521,767 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in JetBlue Airways by 10.6% during the second quarter. WINTON GROUP Ltd now owns 170,002 shares of the transportation company’s stock worth $1,035,000 after purchasing an additional 16,232 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Up 7.5 %

Shares of JetBlue Airways stock opened at $6.43 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. JetBlue Airways Co. has a 52-week low of $3.42 and a 52-week high of $7.58. The company’s 50 day moving average price is $5.49 and its 200-day moving average price is $5.95. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -2.60 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.26. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Equities research analysts forecast that JetBlue Airways Co. will post -1 EPS for the current year.

Analyst Ratings Changes

JBLU has been the topic of several recent research reports. Citigroup increased their price objective on JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their price target for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Finally, TD Cowen lifted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Four 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.00.

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.