Is JetBlue Airways Corporation’s Latest Move For Real? The Stock Was Sold By Option Traders Today

 Is JetBlue Airways Corporation's Latest Move For Real? The Stock Was Sold By Option Traders Today

In today’s session JetBlue Airways Corporation (JBLU) recorded an unusually high (503) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious JBLU decrease. With 503 contracts traded and 1004 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: JBLU170317P00019000 closed last at: $0.85 or 0% . About 901,586 shares traded hands. JetBlue Airways Corporation (NASDAQ:JBLU) has declined 0.15% since April 28, 2016 and is downtrending. It has underperformed by 6.07% the S&P500.

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on January, 26. They expect $0.44 EPS, down 21.43% or $0.12 from last year’s $0.56 per share. JBLU’s profit will be $138.23M for 11.56 P/E if the $0.44 EPS becomes a reality. After $0.58 actual EPS reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts -24.14% negative EPS growth.

JetBlue Airways Corporation (NASDAQ:JBLU) Ratings Coverage

Out of 8 analysts covering Jetblue Airways (NASDAQ:JBLU), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $43 is the highest target while $21 is the lowest. The $28.29 average target is 39.09% above today’s ($20.34) stock price. Jetblue Airways has been the topic of 16 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Tuesday, April 12 with “Neutral”. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Buy” rating by Evercore on Friday, January 29. The stock has “Outperform” rating given by Imperial Capital on Friday, October 28. The rating was maintained by Imperial Capital with “Outperform” on Tuesday, November 22. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, September 17. Argus Research maintained the shares of JBLU in a report on Tuesday, September 8 with “Buy” rating. The firm has “Outperform” rating by Imperial Capital given on Wednesday, July 29. The rating was downgraded by Credit Suisse to “Neutral” on Wednesday, October 28. The rating was upgraded by Cowen & Co to “Outperform” on Wednesday, April 27. The rating was upgraded by Barclays Capital to “Overweight” on Friday, April 15.

According to Zacks Investment Research, “JetBlue Airways is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes and is based in New York’s John F. Kennedy International Airport.”

Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.12, from 0.91 in 2016Q1. The ratio improved, as 68 funds sold all JetBlue Airways Corporation shares owned while 124 reduced positions. 44 funds bought stakes while 131 increased positions. They now own 251.88 million shares or 5.90% less from 267.66 million shares in 2016Q1.
Fuller And Thaler Asset Inc last reported 0% of its portfolio in the stock. New Century Inv holds 1.14% or 129,726 shares in its portfolio. Stifel Financial Corporation holds 0% or 21,661 shares in its portfolio. Moreover, Deere has 0.02% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 17,442 shares. Hutchin Hill Ltd Partnership holds 0.03% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 60,300 shares. Caxton Assoc Lp last reported 180,000 shares in the company. Schwab Charles Inv Mgmt Incorporated last reported 897,883 shares in the company. Iron Fincl Ltd has 12,649 shares for 0.27% of their US portfolio. Signalpoint Asset Mngmt Ltd Llc last reported 0.15% of its portfolio in the stock. Tru Communications Of Vermont has 0% invested in the company for 300 shares. Moors Cabot, a Massachusetts-based fund reported 26,300 shares. Jpmorgan Chase & reported 1.50M shares or 0.01% of all its holdings. Sfmg Limited Liability Company has 13,008 shares for 0.05% of their US portfolio. Old National Savings Bank In accumulated 15,803 shares or 0.01% of the stock. The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU).

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 17 insider sales for $1.44 million net activity. Hayes Robin sold $80,904 worth of stock or 5,000 shares. HNAT JAMES G sold $18,540 worth of stock or 1,000 shares. 5,120 JetBlue Airways Corporation (NASDAQ:JBLU) shares with value of $80,932 were sold by PETERSON JOEL CLINTON. St George Martin J sold $155,073 worth of stock. $236,250 worth of JetBlue Airways Corporation (NASDAQ:JBLU) was sold by CHECKETTS DAVID W.

JetBlue Airways Corporation is a passenger carrier company. The company has a market cap of $6.39 billion. The Firm provides air transportation services across the United States, the Caribbean and Latin America. It has a 9.03 P/E ratio. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

JBLU Company Profile

JetBlue Airways Corporation (JetBlue), incorporated on August 24, 1998, is a passenger carrier company. The Firm provides air transportation services across the United States, the Caribbean and Latin America. The Firm operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Firm has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Firm provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares include different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Firm also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. The Company’s Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with its Mint offering have over 160 seats. The Company’s Airbus A320 aircraft has approximately 150 seats while its Embraer E190 aircraft has over 100 seats.

Another recent and important JetBlue Airways Corporation (NASDAQ:JBLU) news was published by Nasdaq.com which published an article titled: “The Zacks Analyst Blog Highlights: American Airlines Group, JetBlue Airways …” on December 01, 2016.

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