JetBlue Airways Co. (JBLU) Sees Significant Decline in Short Interest

JetBlue Airways Co. (NASDAQ:JBLU) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 15,248,987 shares, a decrease of 14.8% from the January 12th total of 17,897,570 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 5,632,722 shares, the short-interest ratio is presently 2.7 days.

In other news, EVP George Martin J. St sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $23.00, for a total value of $69,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $21.38, for a total transaction of $42,760.00. Following the completion of the sale, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The disclosure for this sale can be found here. Insiders have sold a total of 20,545 shares of company stock valued at $442,303 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. First Dallas Securities Inc. bought a new stake in JetBlue Airways during the 4th quarter valued at about $201,000. Cetera Advisors LLC bought a new stake in JetBlue Airways during the 3rd quarter valued at about $199,000. DekaBank Deutsche Girozentrale increased its stake in JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock valued at $232,000 after purchasing an additional 4,801 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in JetBlue Airways by 2.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 310 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in JetBlue Airways during the 3rd quarter valued at about $217,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

JetBlue Airways (NASDAQ:JBLU) opened at $19.89 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $6,380.00, a PE ratio of 5.67 and a beta of 0.59. JetBlue Airways has a 12 month low of $18.05 and a 12 month high of $24.13.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. JetBlue Airways had a return on equity of 14.20% and a net margin of 16.35%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. analysts anticipate that JetBlue Airways will post 1.88 earnings per share for the current year.

JetBlue Airways announced that its board has authorized a share repurchase plan on Wednesday, December 13th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

JBLU has been the subject of several research analyst reports. Deutsche Bank raised their target price on shares of JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Imperial Capital reaffirmed a “buy” rating and issued a $31.00 target price on shares of JetBlue Airways in a research report on Tuesday, October 17th. Stephens initiated coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 target price for the company. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 target price (up from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. JetBlue Airways currently has an average rating of “Hold” and an average target price of $24.32.

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JetBlue Airways Company Profile

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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