Quadrature Capital Ltd Makes New $1.04 Million Investment in JetBlue Airways Co. (NASDAQ:JBLU)

Quadrature Capital Ltd bought a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 140,336 shares of the transportation company’s stock, valued at approximately $1,041,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of JetBlue Airways by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after acquiring an additional 317,263 shares during the period. Donald Smith & CO. Inc. grew its holdings in shares of JetBlue Airways by 6.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock worth $98,360,000 after acquiring an additional 805,404 shares during the period. U S Global Investors Inc. grew its holdings in shares of JetBlue Airways by 24.2% in the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after acquiring an additional 1,903,910 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in JetBlue Airways by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,861,383 shares of the transportation company’s stock valued at $21,431,000 after buying an additional 186,185 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in JetBlue Airways by 70.2% in the 4th quarter. Allianz Asset Management GmbH now owns 2,366,548 shares of the transportation company’s stock valued at $13,134,000 after buying an additional 975,736 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Stock Up 3.0 %

Shares of JBLU stock traded up $0.18 during trading hours on Friday, hitting $6.21. 10,897,565 shares of the company were exchanged, compared to its average volume of 9,712,888. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $7.97. The business’s 50-day simple moving average is $5.76 and its two-hundred day simple moving average is $6.13. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -2.51 and a beta of 1.93.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Susquehanna upped their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Barclays reduced their price target on JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Monday, May 6th. Evercore ISI increased their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Citigroup reduced their price target on JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. cut their target price on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, JetBlue Airways currently has an average rating of “Hold” and a consensus price target of $5.55.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.