Primecap Management Co. CA Has $24.42 Million Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Primecap Management Co. CA decreased its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,107,300 shares of the transportation company’s stock after selling 60,100 shares during the period. Primecap Management Co. CA’s holdings in JetBlue Airways were worth $24,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of JetBlue Airways by 18.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock worth $52,864,000 after acquiring an additional 1,063,929 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after acquiring an additional 2,584,350 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after acquiring an additional 1,444,491 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of JetBlue Airways by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,447,596 shares of the transportation company’s stock worth $11,378,000 after acquiring an additional 40,452 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of JetBlue Airways by 8.3% during the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock worth $10,977,000 after acquiring an additional 107,293 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Trading Up 2.2 %

JBLU opened at $5.66 on Thursday. JetBlue Airways Co. has a twelve month low of $4.50 and a twelve month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The company has a fifty day moving average of $6.71 and a 200-day moving average of $6.64. The stock has a market cap of $2.00 billion, a PE ratio of -2.42 and a beta of 1.80.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JBLU. UBS Group reduced their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, January 29th. Citigroup increased their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.33.

Insider Transactions at JetBlue Airways

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

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.