BlueMountain Capital Management LLC Buys New Holdings in JetBlue Airways Corporation (JBLU)

BlueMountain Capital Management LLC bought a new position in JetBlue Airways Corporation (NASDAQ:JBLU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 73,888 shares of the transportation company’s stock, valued at approximately $1,687,000.

Other hedge funds also recently added to or reduced their stakes in the company. Soros Fund Management LLC purchased a new position in shares of JetBlue Airways Corporation in the first quarter worth $200,000. Prudential Financial Inc. lifted its holdings in shares of JetBlue Airways Corporation by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after buying an additional 1,410,594 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of JetBlue Airways Corporation by 39.1% in the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock worth $3,906,000 after buying an additional 48,067 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of JetBlue Airways Corporation by 8.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock worth $626,000 after buying an additional 2,442 shares in the last quarter. Finally, Mik Capital LLC lifted its holdings in shares of JetBlue Airways Corporation by 91.5% in the second quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock worth $40,632,000 after buying an additional 850,419 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $23.13, for a total transaction of $118,425.60. Following the sale, the director now directly owns 560,182 shares in the company, valued at $12,957,009.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $22.87, for a total transaction of $45,740.00. Following the sale, the chief executive officer now owns 408,362 shares in the company, valued at $9,339,238.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,860 shares of company stock worth $683,975. 0.60% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: “BlueMountain Capital Management LLC Buys New Holdings in JetBlue Airways Corporation (JBLU)” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/19/bluemountain-capital-management-llc-buys-new-holdings-in-jetblue-airways-corporation-jblu.html.

JetBlue Airways Corporation (NASDAQ:JBLU) opened at 19.16 on Tuesday. The firm’s 50-day moving average is $20.42 and its 200 day moving average is $21.42. The company has a market capitalization of $6.30 billion, a PE ratio of 9.73 and a beta of 0.59. JetBlue Airways Corporation has a one year low of $16.81 and a one year high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. JetBlue Airways Corporation’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities analysts expect that JetBlue Airways Corporation will post $1.93 EPS for the current fiscal year.

JBLU has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, July 17th. Bank of America Corporation upped their price target on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Standpoint Research started coverage on shares of JetBlue Airways Corporation in a research note on Friday, September 1st. They set an “accumulate” rating and a $26.00 price target on the stock. BidaskClub downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, ValuEngine raised shares of JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. JetBlue Airways Corporation has a consensus rating of “Hold” and a consensus price target of $25.77.

JetBlue Airways Corporation Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Corporation (NASDAQ:JBLU).

Institutional Ownership by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply