JetBlue Airways Corporation (JBLU) VP Alexander Chatkewitz Sells 1,045 Shares
JetBlue Airways Corporation (NASDAQ:JBLU) VP Alexander Chatkewitz sold 1,045 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.28, for a total value of $22,237.60. Following the sale, the vice president now owns 2,829 shares in the company, valued at $60,201.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
JetBlue Airways Corporation (NASDAQ JBLU) traded up $0.66 during mid-day trading on Tuesday, hitting $21.97. The stock had a trading volume of 8,325,000 shares, compared to its average volume of 5,860,704. The stock has a market cap of $6,832.98, a P/E ratio of 10.98 and a beta of 0.68. JetBlue Airways Corporation has a 52-week low of $18.05 and a 52-week high of $24.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. sell-side analysts expect that JetBlue Airways Corporation will post 1.74 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. Alliancebernstein L.P. lifted its position in JetBlue Airways by 1,135.5% during the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock valued at $66,837,000 after purchasing an additional 2,690,638 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in JetBlue Airways by 68.9% during the third quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock valued at $66,719,000 after purchasing an additional 1,468,416 shares in the last quarter. Prudential Financial Inc. lifted its position in JetBlue Airways by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after purchasing an additional 1,410,594 shares in the last quarter. Victory Capital Management Inc. lifted its position in JetBlue Airways by 35.0% during the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock valued at $84,649,000 after purchasing an additional 961,535 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in JetBlue Airways during the second quarter valued at $21,689,000. Institutional investors own 89.86% of the company’s stock.
About JetBlue Airways
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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