US Bancorp DE Reduces Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

US Bancorp DE lessened its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 27.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,337 shares of the transportation company’s stock after selling 1,645 shares during the quarter. US Bancorp DE’s holdings in JetBlue Airways were worth $28,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in JetBlue Airways in the 1st quarter valued at about $25,000. Trust Co. of Vermont acquired a new stake in JetBlue Airways during the 2nd quarter valued at approximately $27,000. Bogart Wealth LLC increased its holdings in JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways during the second quarter worth approximately $34,000. Finally, GAMMA Investing LLC raised its holdings in JetBlue Airways by 79.2% in the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 2,993 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JBLU opened at $6.39 on Tuesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways Co. has a 1 year low of $4.10 and a 1 year high of $8.07. The firm has a fifty day moving average of $6.47 and a 200-day moving average of $5.91. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -2.59 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted ($0.39) EPS. JetBlue Airways’s revenue was up .5% on a year-over-year basis. As a group, equities analysts anticipate that JetBlue Airways Co. will post -0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JBLU shares. The Goldman Sachs Group reissued a “sell” rating and set a $5.50 price objective on shares of JetBlue Airways in a report on Friday. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Barclays upped their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. TD Cowen lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, StockNews.com raised shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways has a consensus rating of “Hold” and an average price target of $6.43.

JetBlue Airways 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.