American Century Companies Inc. Raises Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

American Century Companies Inc. boosted its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,771,993 shares of the transportation company’s stock after acquiring an additional 678,891 shares during the quarter. American Century Companies Inc. owned 2.53% of JetBlue Airways worth $68,948,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JBLU. Blueshift Asset Management LLC increased its holdings in shares of JetBlue Airways by 476.0% during the 4th quarter. Blueshift Asset Management LLC now owns 80,159 shares of the transportation company’s stock valued at $630,000 after purchasing an additional 66,243 shares in the last quarter. Xponance Inc. grew its position in JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock valued at $178,000 after buying an additional 2,095 shares during the period. Intech Investment Management LLC increased its holdings in JetBlue Airways by 71.7% in the fourth quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company’s stock valued at $936,000 after buying an additional 49,712 shares in the last quarter. Cibc World Markets Corp raised its position in shares of JetBlue Airways by 7.0% in the fourth quarter. Cibc World Markets Corp now owns 749,234 shares of the transportation company’s stock worth $5,889,000 after acquiring an additional 49,234 shares during the period. Finally, one8zero8 LLC purchased a new stake in shares of JetBlue Airways during the 4th quarter worth about $196,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Nik Mittal bought 100,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now 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. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and reduced their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Susquehanna decreased their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Bank of America reissued an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.33.

JetBlue Airways Stock Down 1.9 %

JBLU stock opened at $5.56 on Wednesday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -2.38 and a beta of 1.80. The firm has a 50-day moving average of $6.54 and a two-hundred day moving average of $6.66. JetBlue Airways Co. has a 12 month low of $4.50 and a 12 month high of $8.31. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS 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 quarter in the prior year, the business earned ($0.19) EPS. As a group, analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

JetBlue Airways 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.