Privium Fund Management UK Ltd Buys Shares of 121,032 JetBlue Airways Co. (NASDAQ:JBLU)

Privium Fund Management UK Ltd purchased a new position in JetBlue Airways Co. (NASDAQ:JBLU) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 121,032 shares of the transportation company’s stock, valued at approximately $794,000. JetBlue Airways comprises about 1.5% of Privium Fund Management UK Ltd’s portfolio, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in JetBlue Airways by 11.3% during the third quarter. Victory Capital Management Inc. now owns 153,582 shares of the transportation company’s stock worth $1,007,000 after acquiring an additional 15,641 shares during the last quarter. Jeppson Wealth Management LLC grew its stake in JetBlue Airways by 15.7% during the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock worth $90,000 after buying an additional 1,850 shares during the period. Assenagon Asset Management S.A. purchased a new stake in JetBlue Airways during the 3rd quarter worth $5,311,000. Bogart Wealth LLC increased its holdings in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 4,000 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in JetBlue Airways by 397.9% in the third quarter. International Assets Investment Management LLC now owns 82,623 shares of the transportation company’s stock valued at $542,000 after purchasing an additional 66,028 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $6.32 on Wednesday. JetBlue Airways Co. has a 52 week low of $3.77 and a 52 week high of $8.07. The company’s 50-day moving average price is $6.34 and its two-hundred day moving average price is $5.88. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company earned ($0.39) earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts expect that JetBlue Airways Co. will post -0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JBLU has been the topic of several recent research reports. Susquehanna boosted their price target on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI upped their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup raised their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.31.

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.