James G. Hnat Sells 1,000 Shares of JetBlue Airways Corporation (JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $18.95, for a total value of $18,950.00. Following the transaction, the executive vice president now directly owns 17,992 shares in the company, valued at approximately $340,948.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of JetBlue Airways Corporation (JBLU) traded up $0.27 during trading hours on Friday, reaching $19.19. 2,868,355 shares of the company were exchanged, compared to its average volume of 6,862,785. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.56. The firm has a market capitalization of $6,153.22, a P/E ratio of 9.89 and a beta of 0.65. JetBlue Airways Corporation has a 1 year low of $16.85 and a 1 year high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. analysts predict that JetBlue Airways Corporation will post 1.73 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. CENTRAL TRUST Co acquired a new stake in JetBlue Airways Corporation in the second quarter valued at about $162,000. IFP Advisors Inc lifted its position in JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 2,117 shares during the period. Capital Management Associates NY acquired a new stake in JetBlue Airways Corporation in the second quarter valued at about $203,000. Investment Centers of America Inc. acquired a new stake in JetBlue Airways Corporation in the second quarter valued at about $205,000. Finally, Lincoln National Corp acquired a new stake in shares of JetBlue Airways Corporation during the 2nd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 83.86% of the company’s stock.

Several equities analysts have issued reports on the company. J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a report on Wednesday. Deutsche Bank AG raised their price objective on JetBlue Airways Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Imperial Capital reaffirmed a “buy” rating and set a $31.00 price objective on shares of JetBlue Airways Corporation in a report on Tuesday, October 17th. Cowen and Company increased their target price on shares of JetBlue Airways Corporation from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, October 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $20.00 target price (down previously from $21.00) on shares of JetBlue Airways Corporation in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.02.

About JetBlue Airways Corporation

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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