Timber Creek Capital Management LLC Buys 15,040 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Timber Creek Capital Management LLC boosted its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 18.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,555 shares of the transportation company’s stock after acquiring an additional 15,040 shares during the period. Timber Creek Capital Management LLC’s holdings in JetBlue Airways were worth $1,785,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in JBLU. Investors Research Corp bought a new stake in shares of JetBlue Airways in the first quarter valued at approximately $25,000. Executive Wealth Management LLC bought a new stake in shares of JetBlue Airways in the second quarter valued at approximately $37,000. FinTrust Capital Advisors LLC raised its position in shares of JetBlue Airways by 81.4% in the second quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 1,087 shares during the period. Quantamental Technologies LLC bought a new stake in shares of JetBlue Airways in the first quarter valued at approximately $57,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of JetBlue Airways in the second quarter valued at approximately $59,000. 94.57% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways stock traded down $0.21 during midday trading on Tuesday, reaching $18.13. 57,394 shares of the stock were exchanged, compared to its average volume of 4,278,031. The company’s fifty day moving average is $19.05 and its 200-day moving average is $17.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.51. The firm has a market cap of $5.45 billion, a PE ratio of 11.67, a PEG ratio of 0.40 and a beta of 0.90. JetBlue Airways Co. has a 52 week low of $15.19 and a 52 week high of $20.14.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. JetBlue Airways had a net margin of 5.53% and a return on equity of 11.35%. JetBlue Airways’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, sell-side analysts anticipate that JetBlue Airways Co. will post 2.03 earnings per share for the current fiscal year.

In other JetBlue Airways news, SVP Brandon Nelson sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $19.43, for a total value of $58,290.00. Following the completion of the transaction, the senior vice president now owns 4,429 shares of the company’s stock, valued at approximately $86,055.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.27, for a total transaction of $48,175.00. The disclosure for this sale can be found here. In the last three months, insiders sold 12,835 shares of company stock valued at $244,545. Corporate insiders own 0.79% of the company’s stock.

Several research firms have recently issued reports on JBLU. Buckingham Research boosted their price target on shares of JetBlue Airways from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Zacks Investment Research raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Citigroup raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and boosted their price target for the company from $19.50 to $26.00 in a research report on Tuesday, June 11th. Imperial Capital reaffirmed an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of JetBlue Airways in a report on Thursday, June 20th. Finally, TheStreet raised shares of JetBlue Airways from a “c+” rating to a “b” rating in a report on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $20.45.

JetBlue Airways Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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