Nwi Management Lp buys $19.7 Million stake in JetBlue Airways Corporation (JBLU)

JetBlue Airways Corporation (JBLU) : Nwi Management Lp scooped up 470,000 additional shares in JetBlue Airways Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,080,000 shares of JetBlue Airways Corporation which is valued at $19.7 Million.JetBlue Airways Corporation makes up approximately 1.67% of Nwi Management Lp’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in JBLU in the latest quarter, The investment management firm added 178,770 additional shares and now holds a total of 457,295 shares of JetBlue Airways Corporation which is valued at $8.4 Million. JetBlue Airways Corporation makes up approx 0.04% of Thrivent Financial For Lutherans’s portfolio. Gsa Capital Partners Llp sold out all of its stake in JBLU during the most recent quarter. The investment firm sold 85,226 shares of JBLU which is valued $1.6 Million. Financial Architects Inc added JBLU to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $9,140.Rhumbline Advisers boosted its stake in JBLU in the latest quarter, The investment management firm added 16,021 additional shares and now holds a total of 493,498 shares of JetBlue Airways Corporation which is valued at $9.4 Million. JetBlue Airways Corporation makes up approx 0.03% of Rhumbline Advisers’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in JBLU by selling 30,500 shares or 78.21% in the most recent quarter. The Hedge Fund company now holds 8,500 shares of JBLU which is valued at $168,215.

JetBlue Airways Corporation opened for trading at $17.95 and hit $18.31 on the upside on Friday, eventually ending the session at $18.11, with a gain of 1.06% or 0.19 points. The heightened volatility saw the trading volume jump to 42,23,579 shares. Company has a market cap of $5,834 M.

On the company’s financial health, JetBlue Airways Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.53. The company had revenue of $1616.00 million for the quarter, compared to analysts expectations of $1617.26 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on JetBlue Airways Corporation. Cowen Upgraded JetBlue Airways Corporation on Apr 27, 2016 to ” Outperform”, Price Target of the shares are set at $24.Shares were Upgraded by Barclays on Apr 15, 2016 to ” Overweight” and Lowered the Price Target to $ 26 from a previous price target of $29 .Shares were Reiterated by Deutsche Bank on Apr 1, 2016 to “Buy” and Lowered the Price Target to $ 31 from a previous price target of $32 .

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States Caribbean and Latin America. The Company operates Airbus A321 Airbus A320 and EMBRAER 190 aircraft types. The Company’s firm aircraft orders consists of approximately 33 Airbus A321 aircraft 25 Airbus A320 new engine option (A320neo) aircraft 45 Airbus A321 new engine option aircraft 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet which consists of approximately 13 Airbus A321 aircraft 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states the District of Columbia the Commonwealth of Puerto Rico the United States Virgin Islands and 17 countries in the Caribbean and Latin America.

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