Donald Smith & CO. Inc. Purchases 1,354,786 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Donald Smith & CO. Inc. raised its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 12.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,450,690 shares of the transportation company’s stock after acquiring an additional 1,354,786 shares during the quarter. JetBlue Airways comprises approximately 1.8% of Donald Smith & CO. Inc.’s holdings, making the stock its 23rd biggest position. Donald Smith & CO. Inc.’s holdings in JetBlue Airways were worth $69,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBLU. Vanguard Group Inc. increased its holdings in JetBlue Airways by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after acquiring an additional 3,099,071 shares during the period. U S Global Investors Inc. grew its position in JetBlue Airways by 24.2% during the fourth quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after buying an additional 1,903,910 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of JetBlue Airways by 49.6% in the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock valued at $21,052,000 after acquiring an additional 1,518,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of JetBlue Airways by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,675,198 shares of the transportation company’s stock valued at $16,906,000 after acquiring an additional 162,073 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of JetBlue Airways by 107.2% during the third quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock worth $15,925,000 after purchasing an additional 1,791,273 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Up 2.1 %

Shares of NASDAQ JBLU traded up $0.12 during mid-day trading on Monday, hitting $5.90. 10,770,540 shares of the stock traded hands, compared to its average volume of 16,810,557. The stock has a fifty day moving average price of $6.86 and a 200-day moving average price of $5.67. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $9.45. 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 announced its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.34) EPS. As a group, research analysts forecast that JetBlue Airways Co. will post -1.01 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on JBLU. TD Cowen dropped their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. JPMorgan Chase & Co. cut their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Susquehanna lifted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and upped their price target for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. Finally, Barclays began coverage on JetBlue Airways in a research report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 price target on the stock. 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 stock presently has an average rating of “Hold” and a consensus target price 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.