Stock Jumping Abnormally High: JetBlue Airways Corporation (JBLU)

Lloyd Doyle
March 13, 2018

JetBlue Airways declared that its board has initiated a share buyback program on Wednesday, December 13th that allows the company to repurchase $750.00 million in outstanding shares. The stock increased 1.34% or $0.29 during the last trading session, reaching $22.

In related news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Tuesday, January 2nd. It has outperformed by 2.05% the S&P500. (EXPD) by 0.74% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor bought 300,000 shares of the transportation company's stock, valued at approximately $6,702,000. Raymond James Financial Services Advisors Inc. now owns 14,414 shares of the transportation company's stock valued at $329,000 after buying an additional 1,453 shares in the last quarter. The Weekly and Monthly Volatility stands at 2.11% and 2.55%.

The Stock surged1.34% and closed its last trading session at $22. About 613,570 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 18.39% since March 12, 2017 and is uptrending. It has outperformed by 25.09% the S&P500.

Investors sentiment increased to 9.88 in 2017 Q3. Its up 0.19, from 1.04 in 2017Q2. It is positive, as 33 investors sold THC shares while 57 reduced holdings. 51 funds opened positions while 95 raised stakes. 281.83 million shares or 4.78% more from 268.97 million shares in 2017Q2 were reported. Oregon Public Employees Retirement Fund now owns 123,011 shares of the transportation company's stock worth $2,279,000 after acquiring an additional 3,266 shares during the period. It also reduced Orbital Atk Inc Com stake by 4,514 shares and now owns 26,135 shares. The stock's average target of $27 is 22.73% above today's ($22) share price. The company has volume of 3.1 Million shares. Bridgeway Cap Mgmt holds 2.05 million shares. Clearbridge Invests Ltd holds 1,511 shares. First Mercantile Trust Co. increased its holdings in shares of JetBlue Airways by 18.4% in the fourth quarter. Moreover, Financial Advisers Ltd Llc has 0.02% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 98,111 shares. Jetblue Airways Cp (NASDAQ:JBLU)'s price to sales ratio for trailing twelve month stands at 1.01, whereas its price to book ratio for the most recent quarters is at 1.47. BidaskClub upgraded shares of JetBlue Airways from a "sell" rating to a "hold" rating in a research note on Saturday, January 13th. 8,327 were reported by Panagora Asset Management. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has "Equal-Weight" rating given on Thursday, September 17 by Barclays Capital.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Jetblue Airways Cp (NASDAQ:JBLU) has a current PEG of 1.03. On Monday, January 8 the stock rating was maintained by Stephens with "Hold".


The consensus recommendation, according to Zacks Investment research, is 2.55. It also increased its holding in Energen Corp (NYSE:EGN) by 9.38M shares in the quarter, for a total of 9.79 million shares, and has risen its stake in Plains Gp Hldgs L P. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Therefore 39% are positive. ValuEngine raised JetBlue Airways from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 31st. Morgan Stanley maintained the shares of EXPD in report on Monday, February 26 with "Equal-Weight" rating. The firm has "Sell" rating given on Tuesday, December 20 by Loop Capital. The firm has "Neutral" rating given on Wednesday, October 28 by Credit Suisse.

Quinn Opportunity Partners Llc increased its stake in Jetblue Airways Corp (JBLU) by 14.62% based on its latest 2017Q3 regulatory filing with the SEC. The stock has 52-week high of $24.13 and 52-Week low of $18.05. Stifel Nicolaus maintained it with "Hold" rating and $23.0 target in Wednesday, January 10 report. Argus Research downgraded the stock to "Hold" rating in Friday, January 27 report.

Since October 2, 2017, it had 0 insider buys, and 9 sales for $505,997 activity. Moreau Bernard J had sold 1,248 shares worth $150,144. About 3.10M shares traded. On Monday, October 30 SHEAHAN MARK W sold $3.94 million worth of Graco Inc.

Rothschild Capital Partners Llc, which manages about $280.95 million and $209.98 million US Long portfolio, upped its stake in Ishares Tr (AGG) by 29,447 shares to 104,837 shares, valued at $11.49 million in 2017Q3, according to the filing. (NYSE:GGG) for 24,362 shares. However the six-month change in the insider ownership was recorded -2.5%, as well as three-month change in the institutional ownership was recorded -0.31%. The stock was sold at an average price of $23.00, for a total transaction of $69,000.00. Bankshares Of America De holds 0.01% or 1.75M shares. On Monday, February 26 Hardesty Michael A sold $457,747 worth of Northrop Grumman Corporation (NYSE:NOC) or 1,296 shares. Mondrian Invest Partners Ltd has 0.08% invested in Graco Inc. Its up 0.12, from 0.94 in 2017Q2. It is positive, as 15 investors sold CACI shares while 85 reduced holdings. Nordea Inv Mgmt Ab reported 0.01% stake. Stratos Wealth Prtnrs Limited reported 2,352 shares. Creative Planning reported 0.03% stake. Oakbrook Investments LLC now owns 22,080 shares of the transportation company's stock valued at $493,000 after purchasing an additional 2,950 shares during the period. Louisiana State Employees Retirement System invested 0.02% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). 1,821 were reported by Weaver C Barksdale And Associates Incorporated. Wellington Mngmt Limited Liability Partnership accumulated 20,759 shares. Bank Of New York Mellon Corp holds 0.03% or 889,291 shares in its portfolio. Bragg Fin Advsrs has 0.77% invested in Graco Inc. Axa holds 180,404 shares. Bokf Na reported 78,283 shares stake. Expeditors International of Washington had 47 analyst reports since August 11, 2015 according to SRatingsIntel. During the same quarter previous year, the company earned $0.50 earnings per share. CACI's profit will be $43.59 million for 21.98 P/E if the $1.77 EPS becomes a reality. After $0.32 actual EPS reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts -46.88% negative EPS growth.

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