JetBlue Airways Corporation (JBLU) Short Interest Up 0.5% in May

JetBlue Airways Corporation (NASDAQ:JBLU) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 13,941,080 shares, a growth of 0.5% from the May 15th total of 13,865,396 shares. Based on an average daily volume of 4,555,671 shares, the days-to-cover ratio is currently 3.1 days.

Several brokerages recently issued reports on JBLU. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price on shares of JetBlue Airways Corporation in a research note on Friday, May 26th. Imperial Capital reissued an “outperform” rating on shares of JetBlue Airways Corporation in a research note on Friday, May 19th. Vetr raised JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 target price on the stock in a research note on Wednesday, April 26th. Cowen and Company lifted their target price on JetBlue Airways Corporation from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Finally, Zacks Investment Research raised JetBlue Airways Corporation from a “strong sell” rating to a “hold” rating in a research note on Friday, March 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.82.

In related news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $20.48, for a total transaction of $104,857.60. Following the sale, the director now owns 569,042 shares of the company’s stock, valued at approximately $11,653,980.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $20.66, for a total value of $41,320.00. Following the sale, the chief executive officer now directly owns 414,005 shares in the company, valued at approximately $8,553,343.30. The disclosure for this sale can be found here. Insiders have sold a total of 44,740 shares of company stock worth $968,614 in the last three months. 0.60% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in JBLU. Arcus Capital Partners LLC boosted its position in shares of JetBlue Airways Corporation by 1.5% in the first quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock worth $240,000 after buying an additional 175 shares during the last quarter. Curbstone Financial Management Corp boosted its position in shares of JetBlue Airways Corporation by 1.0% in the first quarter. Curbstone Financial Management Corp now owns 22,775 shares of the transportation company’s stock worth $469,000 after buying an additional 225 shares during the last quarter. US Bancorp DE boosted its position in shares of JetBlue Airways Corporation by 1.8% in the first quarter. US Bancorp DE now owns 23,558 shares of the transportation company’s stock worth $486,000 after buying an additional 424 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of JetBlue Airways Corporation by 3.0% in the first quarter. LS Investment Advisors LLC now owns 23,271 shares of the transportation company’s stock worth $480,000 after buying an additional 684 shares during the last quarter. Finally, Amalgamated Bank boosted its position in shares of JetBlue Airways Corporation by 1.4% in the first quarter. Amalgamated Bank now owns 51,226 shares of the transportation company’s stock worth $1,056,000 after buying an additional 703 shares during the last quarter. 84.92% of the stock is owned by institutional investors and hedge funds.

Shares of JetBlue Airways Corporation (JBLU) opened at 22.79 on Friday. JetBlue Airways Corporation has a 1-year low of $14.76 and a 1-year high of $23.37. The company has a market cap of $7.60 billion, a P/E ratio of 12.20 and a beta of 0.52. The firm has a 50-day moving average price of $22.15 and a 200-day moving average price of $21.19.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 25th. The transportation company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. JetBlue Airways Corporation had a return on equity of 16.42% and a net margin of 9.61%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that JetBlue Airways Corporation will post $1.89 EPS for the current year.

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JetBlue Airways Corporation Company Profile

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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