Privium Fund Management UK Ltd Has $891,000 Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Privium Fund Management UK Ltd reduced its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 6.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 113,622 shares of the transportation company’s stock after selling 7,410 shares during the quarter. JetBlue Airways accounts for 0.7% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 9th largest holding. Privium Fund Management UK Ltd’s holdings in JetBlue Airways were worth $891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways during the 3rd quarter worth $28,000. Blue Trust Inc. lifted its stake in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of JetBlue Airways in the 4th quarter worth about $40,000. Bogart Wealth LLC increased its position in shares of JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of JetBlue Airways during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

JBLU has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and cut their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Finally, Citigroup raised their price objective on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.33.

Insider Buying and Selling at JetBlue Airways

In other news, Director Nik Mittal acquired 100,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $5.54 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The firm has a market cap of $1.96 billion, a P/E ratio of -2.37 and a beta of 1.80. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31. The firm has a 50-day moving average of $6.75 and a 200-day moving average of $6.65.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period last year, the company posted ($0.19) EPS. Sell-side analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

About JetBlue Airways

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.