Scout Investments Inc. Acquires Shares of 1,323,501 JetBlue Airways Co. (JBLU)

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Scout Investments Inc. acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,323,501 shares of the transportation company’s stock, valued at approximately $25,623,000. Scout Investments Inc. owned 0.42% of JetBlue Airways as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Curbstone Financial Management Corp increased its holdings in shares of JetBlue Airways by 15.4% during the 3rd quarter. Curbstone Financial Management Corp now owns 54,250 shares of the transportation company’s stock worth $1,050,000 after purchasing an additional 7,250 shares during the period. Wilsey Asset Management Inc. increased its holdings in shares of JetBlue Airways by 3.9% during the 3rd quarter. Wilsey Asset Management Inc. now owns 416,451 shares of the transportation company’s stock worth $8,055,000 after purchasing an additional 15,703 shares during the period. California Public Employees Retirement System increased its holdings in shares of JetBlue Airways by 8.2% during the 2nd quarter. California Public Employees Retirement System now owns 996,276 shares of the transportation company’s stock worth $18,909,000 after purchasing an additional 75,651 shares during the period. Sentinel Trust Co. LBA increased its holdings in shares of JetBlue Airways by 25.7% during the 2nd quarter. Sentinel Trust Co. LBA now owns 205,595 shares of the transportation company’s stock worth $3,902,000 after purchasing an additional 41,980 shares during the period. Finally, HPM Partners LLC increased its holdings in shares of JetBlue Airways by 13.5% during the 2nd quarter. HPM Partners LLC now owns 23,573 shares of the transportation company’s stock worth $447,000 after purchasing an additional 2,796 shares during the period. Institutional investors own 87.24% of the company’s stock.

A number of research firms recently weighed in on JBLU. ValuEngine cut shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 10th. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Zacks Investment Research raised shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Imperial Capital reissued an “outperform” rating and issued a $26.00 target price on shares of JetBlue Airways in a research note on Monday, July 16th. They noted that the move was a valuation call. Finally, Macquarie set a $18.00 target price on shares of JetBlue Airways and gave the company a “hold” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.67.

In other JetBlue Airways news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $19.30, for a total value of $115,800.00. Following the transaction, the executive vice president now directly owns 3,437 shares in the company, valued at $66,334.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction of $38,240.00. Following the completion of the transaction, the chief executive officer now owns 436,803 shares in the company, valued at $8,351,673.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,000 shares of company stock worth $189,980. Company insiders own 0.63% of the company’s stock.

NASDAQ JBLU opened at $16.48 on Tuesday. The stock has a market capitalization of $6.06 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49. JetBlue Airways Co. has a twelve month low of $16.03 and a twelve month high of $23.08. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. JetBlue Airways had a net margin of 11.30% and a return on equity of 10.80%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, research analysts anticipate that JetBlue Airways Co. will post 1.48 earnings per share for the current fiscal year.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 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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