UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.17 Million Position in JetBlue Airways Co. (NASDAQ:JBLU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,786 shares of the transportation company’s stock after selling 19,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.05% of JetBlue Airways worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP raised its stake in shares of JetBlue Airways by 56.7% during the 3rd quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock worth $6,054,000 after purchasing an additional 334,032 shares in the last quarter. Maverick Capital Ltd. bought a new position in JetBlue Airways during the second quarter valued at approximately $634,000. Jade Capital Advisors LLC lifted its stake in shares of JetBlue Airways by 800.0% in the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock valued at $2,952,000 after purchasing an additional 400,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after purchasing an additional 663,865 shares during the last quarter. Finally, Privium Fund Management UK Ltd bought a new stake in shares of JetBlue Airways during the 3rd quarter worth $794,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBLU. Susquehanna increased their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen raised their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Citigroup increased their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group restated a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.57.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $7.30 on Wednesday. The business has a 50 day simple moving average of $6.59 and a 200 day simple moving average of $6.03. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a market capitalization of $2.53 billion, a PE ratio of -2.90 and a beta of 1.92. JetBlue Airways Co. has a one year low of $4.49 and a one year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.39) EPS. On average, sell-side analysts forecast that JetBlue Airways Co. will post -0.89 EPS for the current fiscal year.

About JetBlue Airways

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.