Louisiana State Employees Retirement System Makes New Investment in JetBlue Airways Corporation $JBLU

Louisiana State Employees Retirement System bought a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 131,300 shares of the transportation company’s stock, valued at approximately $580,000.

Several other hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in JetBlue Airways by 85.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock valued at $55,166,000 after acquiring an additional 5,591,470 shares during the period. Par Capital Management Inc. lifted its position in JetBlue Airways by 105.3% during the 2nd quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock worth $23,212,000 after acquiring an additional 2,814,870 shares during the period. U S Global Investors Inc. grew its stake in shares of JetBlue Airways by 4.9% in the 4th quarter. U S Global Investors Inc. now owns 4,728,754 shares of the transportation company’s stock valued at $21,516,000 after purchasing an additional 219,622 shares during the last quarter. Invesco Ltd. grew its stake in shares of JetBlue Airways by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock valued at $19,091,000 after purchasing an additional 412,921 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of JetBlue Airways by 1,157.9% in the fourth quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock valued at $15,270,000 after purchasing an additional 3,089,226 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $5.72 on Wednesday. The firm has a market capitalization of $2.13 billion, a P/E ratio of -2.95 and a beta of 1.73. JetBlue Airways Corporation has a one year low of $3.87 and a one year high of $6.50. The company’s fifty day moving average is $5.19 and its two-hundred day moving average is $5.10. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.64 and a current ratio of 0.70.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business earned ($0.59) EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts forecast that JetBlue Airways Corporation will post -2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America increased their price target on JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. The Goldman Sachs Group boosted their price objective on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research note on Thursday, July 2nd. UBS Group upped their price objective on shares of JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Tuesday, June 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Tuesday, April 21st. Finally, Seaport Research Partners raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Reduce” and a consensus target price of $5.31.

JetBlue Airways News Summary

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: Susquehanna raised its price target on JetBlue Airways to $6.00 from $5.00 and kept a neutral rating, suggesting modest upside from current levels. Benzinga report on Susquehanna price target increase
• Positive Sentiment: Another report also noted a price-target increase to $6.00, reinforcing a slightly improved valuation view from some analysts. JetBlue Airways Price Target Raised to $6.00
• Neutral Sentiment: Recent commentary highlighted that lower jet-fuel prices have not translated into meaningfully lower airfares, which could limit margin relief for airlines like JetBlue. Wall Street Journal article on jet-fuel prices and fares
• Negative Sentiment: Raymond James reaffirmed its underperform rating on JetBlue, signaling continued skepticism about the company’s turnaround and profitability. Raymond James reaffirmed Underperform
• Negative Sentiment: One Raymond James note went further, suggesting Chapter 11 could be JetBlue’s best option as its debt burden remains a major concern. Seeking Alpha report on Chapter 11 concern
• Negative Sentiment: Goldman Sachs also remains bearish, keeping a Sell rating even after lifting its target, underscoring that analyst sentiment is still cautious overall. Yahoo Finance article referencing Goldman Sachs view

Insider Transactions at JetBlue Airways

In other news, Director Thomas Winkelmann sold 35,473 shares of JetBlue Airways stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $4.70, for a total transaction of $166,723.10. Following the completion of the sale, the director directly owned 13,379 shares in the company, valued at approximately $62,881.30. This trade represents a 72.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vivek Sharma sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total value of $173,120.00. Following the completion of the sale, the director owned 35,479 shares in the company, valued at approximately $191,941.39. This represents a 47.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.41% of the company’s stock.

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.