JetBlue Airways Co. (NASDAQ:JBLU) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. grew its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 12.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,450,690 shares of the transportation company’s stock after buying an additional 1,354,786 shares during the period. JetBlue Airways accounts for approximately 1.8% of Donald Smith & CO. Inc.’s portfolio, making the stock its 23rd largest position. Donald Smith & CO. Inc. owned about 3.74% of JetBlue Airways worth $69,101,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. McAdam LLC acquired a new position in JetBlue Airways in the 4th quarter valued at $192,000. Illinois Municipal Retirement Fund purchased a new position in JetBlue Airways during the fourth quarter worth about $1,022,000. PDS Planning Inc acquired a new stake in JetBlue Airways in the fourth quarter valued at about $65,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in JetBlue Airways in the fourth quarter valued at about $7,475,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in JetBlue Airways by 1,132.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,578 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 9,720 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JBLU traded up $0.12 during trading on Monday, hitting $5.90. The company’s stock had a trading volume of 10,770,540 shares, compared to its average volume of 16,810,557. JetBlue Airways Co. has a twelve month low of $3.42 and a twelve month high of $9.45. The firm’s 50 day moving average price is $6.86 and its 200-day moving average price is $5.67. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.78.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business posted ($0.34) earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that JetBlue Airways Co. will post -1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and raised their price target for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. Bank of America lowered shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $6.00 to $3.00 in a research report on Tuesday, January 9th. UBS Group started coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Evercore ISI increased their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.78.

JetBlue Airways Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.