According to a recent 13F filing with the Securities and Exchange Commission, Gilman Hill Asset Management LLC has increased its position in JetBlue Airways Co. (JBLU:NSD) by 9.0% during the fourth quarter. The firm now owns 279,925 shares of JetBlue stock, worth $1,814,000, after purchasing an additional 23,020 shares during the quarter.
Hedge Funds & Institutional Holdings:
Several other institutional investors and hedge funds have also bought and sold shares of JetBlue stock. For instance, Assenagon Asset Management S.A. increased its stake by 147.1% during the last quarter, while Maryland State Retirement & Pension System acquired a new position valued at $160,000. Currently, 66.29% of the JBLU stock is owned by institutional investors and hedge funds.
JetBlue Stock-Analyst Ratings:
Research analysts have recently issued reports on the stock, with a consensus rating of “Hold” and a consensus price target of $8.38.
JetBlue Stock Price Analysis:
Shares of JBLU stock opened at $6.82 on Tuesday, with a 50-day moving average price of $8.05 and a 200-day moving average price of $7.60.
The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.49, and a current ratio of 0.51. JetBlue Airways had a negative net margin of 3.95% and a negative return on equity of 7.60%.
Quarterly Earnings Review:
JetBlue Airways reported its quarterly earnings results on Thursday, January 26th, beating the consensus estimate of $0.19 with $0.22 earnings per share for the quarter.
The company had revenue of $2.40 billion during the quarter, up 30.9% compared to the same quarter last year. On average, sell-side analysts forecast that JetBlue Airways Co. will post 0.73 EPS for the current year.
JetBlue Airways Corporation provides air-passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft.
It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America.
JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.