New York Life Investment Management LLC Acquires 4,272 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Posted by on Jun 6th, 2023

New York Life Investment Management LLC boosted its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,941 shares of the transportation company’s stock after acquiring an additional 4,272 shares during the quarter. New York Life Investment Management LLC’s holdings in JetBlue Airways were worth $246,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of JetBlue Airways by 20.9% during the first quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company’s stock valued at $118,000 after purchasing an additional 1,365 shares during the period. Retirement Systems of Alabama increased its position in shares of JetBlue Airways by 0.3% during the third quarter. Retirement Systems of Alabama now owns 423,984 shares of the transportation company’s stock worth $2,811,000 after acquiring an additional 1,400 shares during the period. Penserra Capital Management LLC raised its stake in shares of JetBlue Airways by 4.4% during the third quarter. Penserra Capital Management LLC now owns 38,122 shares of the transportation company’s stock valued at $252,000 after acquiring an additional 1,590 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of JetBlue Airways by 1.3% in the third quarter. Treasurer of the State of North Carolina now owns 137,441 shares of the transportation company’s stock valued at $911,000 after purchasing an additional 1,770 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in JetBlue Airways by 8.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,585 shares of the transportation company’s stock worth $146,000 after purchasing an additional 1,804 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBLU. StockNews.com began coverage on JetBlue Airways in a research report on Thursday, May 18th. They set a “hold” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of JetBlue Airways from $10.00 to $8.00 in a research note on Monday, May 8th. Nine equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.65.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $6.98 on Tuesday. The firm has a 50 day moving average of $6.96 and a 200 day moving average of $7.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.52 and a quick ratio of 0.50. JetBlue Airways Co. has a 52 week low of $6.18 and a 52 week high of $10.74.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last announced its earnings results on Tuesday, April 25th. The transportation company reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.04. JetBlue Airways had a negative return on equity of 3.54% and a negative net margin of 3.07%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company posted ($0.80) EPS. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. As a group, research analysts predict that JetBlue Airways Co. will post 0.67 earnings per share for the current fiscal year.

About JetBlue Airways

(Get Rating)

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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