Shares of JetBlue Airways Corporation (NASDAQ:JBLU) are up considerably this morning after investors seem to be realizing that low oil prices are here to stay. As oil prices fell below $40 a barrel this morning, investors have turned their attention to the entire airline sector, looking to take advantage of the dropping costs of jet fuel. JetBlue Airways Corporation (NASDAQ:JBLU) is well structured and recently deciided to begin training their own pilots. With fuel prices seemingly continuing their free-fall, profts should continue to rise for the airline.
The stock is currently trading higher by 5.77% or $1.47 following the positive news, hitting $26.95 per share at the time of us publishing this article. About 2.90M shares traded hands. JBLU has risen 18.07% since May 4, 2015 and is uptrending. It has outperformed the S&P500 by 19.15%.
From a total of 6 analysts covering Jetblue Airways (NASDAQ:JBLU) stock, 2 rate it a “Buy”, 0 a “Sell”, and 4 a “Hold”. This means that 33% of the ratings are positive. The highest target price is $43 while the lowest target price is $28. The mean of all analyst targets is $31.83 which is 18.11% above today’s ($26.95) stock price. Jetblue Airways was the topic of 7 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Credit Suisse downgraded shares on October 28 to a “Neutral” rating. Barclays Capital maintained JBLU stock in a recent report from September 17 with a “Equal-Weight” rating. Finally, Evercore maintained the stock with a “Hold” rating in a report they issued on a September 4.
The institutional sentiment decreased to 1.01 in Q2 2015. It’s down 0.15, from 1.16 in 2015Q1. The ratio turned negative, as 55 funds sold all their JetBlue Airways Corporation shares they owned while 141 reduced their positions. 73 funds bought stakes while 125 increased their total positions. Institutions now own 283.98 million shares which is 10.75% less than the previous share count of 318.17 million in 2015Q1.
T2 Partners Management Lp holds 8.43% of its total portfolio in JetBlue Airways Corporation, equating to 225,110 shares. Csat Investment Advisory L.P. owns 549,951 shares representing 5.33% of their total US portfolio. Moreover, Credit Capital Investments Llc has 5.13% of their total portfolio invested in the company, equating to 397,244 shares. The Texas-based Beck Capital Management Llc has a total of 4.79% of their portfolio invested in the stock. Marianas Fund Management Llc, a New York-based fund reported 1.06 million shares owned.
Since March 18, 2015, the stock had 0 buys, and 9 selling transactions for a total of $2.09 million in net activity. Peterson Joel Clinton sold 14,276 shares worth $362,408. Hayes Robin sold 5,000 shares worth $132,546. Gambale Virginia sold 13,500 shares worth $342,900. Hnat James G sold 6,500 shares worth $153,020. The insider St George Martin J sold 6,000 shares worth $122,101.
JetBlue Airways Corporation is a passenger carrier company. The company has a market cap of $8.05 billion. The Firm provides air transportation services across the United States, Caribbean and Latin America. It has 16.09 P/E ratio. The Firm operates Airbus A321, Airbus A320 and EMBRAER 190 aircraft types.