JetBlue Airways Co. (NASDAQ:JBLU) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Posted by on Feb 26th, 2023

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) by 121.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,082 shares of the transportation company’s stock after purchasing an additional 152,776 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.09% of JetBlue Airways worth $1,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JBLU. Wipfli Financial Advisors LLC acquired a new stake in JetBlue Airways during the 3rd quarter worth about $25,000. Neo Ivy Capital Management acquired a new stake in shares of JetBlue Airways during the second quarter valued at approximately $33,000. IFP Advisors Inc lifted its position in shares of JetBlue Airways by 483.5% in the 3rd quarter. IFP Advisors Inc now owns 4,073 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 3,375 shares in the last quarter. Asset Dedication LLC acquired a new position in JetBlue Airways in the 3rd quarter worth approximately $32,000. Finally, Captrust Financial Advisors grew its position in JetBlue Airways by 20.9% during the 1st quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company’s stock worth $118,000 after purchasing an additional 1,365 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

JetBlue Airways Trading Down 1.5 %

JetBlue Airways stock opened at $8.15 on Friday. JetBlue Airways Co. has a one year low of $6.18 and a one year high of $15.64. The company’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $7.72. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -7.28 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.65.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The transportation company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. JetBlue Airways had a negative return on equity of 7.62% and a negative net margin of 3.95%. The firm’s revenue was up 30.9% compared to the same quarter last year. During the same period last year, the business earned ($0.36) EPS. On average, analysts forecast that JetBlue Airways Co. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on JBLU. Deutsche Bank Aktiengesellschaft decreased their target price on JetBlue Airways from $10.00 to $8.50 in a research report on Tuesday, December 20th. Cowen cut JetBlue Airways from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $10.00 to $9.00 in a research note on Thursday, December 15th. Citigroup assumed coverage on shares of JetBlue Airways in a research report on Monday, December 5th. They issued a “neutral” rating and a $9.00 price target for the company. Wolfe Research boosted their price objective on shares of JetBlue Airways from $6.00 to $7.00 in a research report on Friday, January 27th. Finally, Cowen downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a research report on Thursday, December 15th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, JetBlue Airways has a consensus rating of “Hold” and a consensus target price of $10.46.

JetBlue Airways Profile

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and the most legroom.

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

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