Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds See Choppy Skies Ahead for JetBlue Airways Corporation (JBLU)

Since JetBlue Airways Corporation (NASDAQ:JBLU) has faced a decline in interest from the entirety of the hedge funds we track, it’s easy to see that there were a few hedge funds who sold off their full holdings heading into Q4. Intriguingly, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital cut the largest investment of all the hedgies watched by Insider Monkey, totaling about $28 million in stock, and Robert Polak’s Anchor Bolt Capital was right behind this move, as the fund sold off about $21.5 million worth of shares. These moves are important to note, as total hedge fund interest fell by 6 funds heading into Q4.

Let’s also examine hedge fund activity in other stocks similar to JetBlue Airways Corporation (NASDAQ:JBLU). These stocks are Post Holdings Inc (NYSE:POST), Calpine Corporation (NYSE:CPN), Polaris Industries Inc. (NYSE:PII), and Carlyle Group LP (NASDAQ:CG). This group of stocks’ market caps are closest to JBLU’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
POST 44 1553643 4
CPN 35 836596 3
PII 12 75063 -5
CG 11 90845 1

As you can see these stocks had an average of 25.5 hedge funds with bullish positions and the average amount invested in these stocks was $639 million. That figure was $487 million in JBLU’s case. Post Holdings Inc (NYSE:POST) is the most popular stock in this table. On the other hand Carlyle Group LP (NASDAQ:CG) is the least popular one with only 11 bullish hedge fund positions. JetBlue Airways Corporation (NASDAQ:JBLU) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard POST might be a better candidate to consider a long position.

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...