Mackay Shields LLC Increases Stake in JetBlue Airways Co. (JBLU)
Mackay Shields LLC grew its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 784.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 792,055 shares of the transportation company’s stock after buying an additional 702,514 shares during the period. Mackay Shields LLC’s holdings in JetBlue Airways were worth $12,720,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in JBLU. KBC Group NV boosted its holdings in shares of JetBlue Airways by 88.2% during the 4th quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock valued at $36,000 after buying an additional 1,037 shares in the last quarter. Enlightenment Research LLC bought a new stake in shares of JetBlue Airways during the 4th quarter valued at $47,000. Dubuque Bank & Trust Co. boosted its holdings in shares of JetBlue Airways by 151.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 3,235 shares of the transportation company’s stock valued at $52,000 after buying an additional 1,946 shares in the last quarter. Ffcm LLC boosted its holdings in shares of JetBlue Airways by 98.0% during the 4th quarter. Ffcm LLC now owns 6,120 shares of the transportation company’s stock valued at $98,000 after buying an additional 3,029 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of JetBlue Airways by 13.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,145 shares of the transportation company’s stock valued at $114,000 after buying an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.
In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $15.92, for a total value of $39,800.00. Following the completion of the transaction, the chief executive officer now owns 455,576 shares of the company’s stock, valued at approximately $7,252,769.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 7,500 shares of company stock valued at $125,650. 0.63% of the stock is owned by insiders.
JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Thursday, January 24th. The transportation company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.07. JetBlue Airways had a return on equity of 10.92% and a net margin of 2.44%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm earned $2.08 EPS. JetBlue Airways’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts forecast that JetBlue Airways Co. will post 1.96 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Imperial Capital lifted their price target on JetBlue Airways from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 4th. Wolfe Research lowered JetBlue Airways from a “market perform” rating to an “underperform” rating in a research report on Friday, December 7th. BidaskClub raised JetBlue Airways from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Credit Suisse Group reaffirmed a “hold” rating and issued a $17.00 price target on shares of JetBlue Airways in a research report on Thursday, February 7th. Finally, ValuEngine lowered JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.68.
JetBlue Airways Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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