American Century Companies Inc. Has $15.24 Million Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Posted by on Sep 2nd, 2023

American Century Companies Inc. raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLU – Free Report) by 56.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,146,274 shares of the transportation company’s stock after purchasing an additional 772,292 shares during the period. American Century Companies Inc. owned 0.65% of JetBlue Airways worth $15,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Raymond James & Associates increased its holdings in JetBlue Airways by 162.3% in the 1st quarter. Raymond James & Associates now owns 174,219 shares of the transportation company’s stock worth $2,605,000 after acquiring an additional 107,791 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in JetBlue Airways by 4.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 57,508 shares of the transportation company’s stock valued at $860,000 after buying an additional 2,320 shares in the last quarter. Natixis Advisors L.P. raised its holdings in JetBlue Airways by 10.2% during the 1st quarter. Natixis Advisors L.P. now owns 20,552 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 1,902 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of JetBlue Airways during the first quarter worth $1,117,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of JetBlue Airways by 33.4% in the first quarter. MetLife Investment Management LLC now owns 205,648 shares of the transportation company’s stock worth $3,074,000 after acquiring an additional 51,526 shares during the period. 74.82% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.93 on Friday. JetBlue Airways Co. has a 52-week low of $5.89 and a 52-week high of $9.45. The company has a fifty day moving average of $7.47 and a 200-day moving average of $7.39. The company has a market capitalization of $1.98 billion, a P/E ratio of 74.13 and a beta of 1.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.55 and a current ratio of 0.57.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. JetBlue Airways had a return on equity of 5.20% and a net margin of 0.27%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.47) earnings per share. As a group, equities research analysts predict that JetBlue Airways Co. will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Gerald Alfred Spencer sold 11,879 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $6.35, for a total transaction of $75,431.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

JBLU has been the topic of a number of analyst reports. StockNews.com started coverage on JetBlue Airways in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Evercore ISI downgraded shares of JetBlue Airways from an “in-line” rating to an “underperform” rating and set a $8.00 price target on the stock. in a report on Tuesday, July 11th. Susquehanna reduced their price objective on shares of JetBlue Airways from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, August 8th. Bank of America increased their target price on shares of JetBlue Airways from $9.00 to $10.00 in a research note on Monday, June 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of JetBlue Airways from $8.00 to $6.00 and set an “underweight” rating for the company in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.17.

Read Our Latest Stock Analysis on JBLU

JetBlue Airways Company Profile

(Free Report)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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

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