JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC cut its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 39.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,052 shares of the transportation company’s stock after selling 13,950 shares during the quarter. Chesley Taft & Associates LLC’s holdings in JetBlue Airways were worth $138,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in JetBlue Airways in the first quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of JetBlue Airways during the 2nd quarter worth $27,000. GAMMA Investing LLC grew its stake in shares of JetBlue Airways by 169.8% during the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after purchasing an additional 2,377 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in JetBlue Airways in the first quarter valued at $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways in the second quarter valued at $34,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $7.07 on Wednesday. The firm’s fifty day simple moving average is $5.61 and its 200-day simple moving average is $5.92. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $7.65. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -2.86 and a beta of 1.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $0.45 earnings per share. JetBlue Airways’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities analysts forecast that JetBlue Airways Co. will post -1 earnings per share for the current year.

Analyst Ratings Changes

JBLU has been the subject of several analyst reports. TD Cowen upped their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price target for the company from $3.00 to $6.00 in a report on Monday, September 9th. Citigroup increased their price target on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Evercore ISI boosted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.70.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.