Choreo LLC Sells 1,943 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Choreo LLC lessened its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,942 shares of the transportation company’s stock after selling 1,943 shares during the period. Choreo LLC’s holdings in JetBlue Airways were worth $168,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC increased its holdings in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after acquiring an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of JetBlue Airways in the third quarter worth approximately $28,000. Blue Trust Inc. increased its stake in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. R Squared Ltd bought a new stake in shares of JetBlue Airways during the 4th quarter valued at $58,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of JetBlue Airways during the 3rd quarter valued at $66,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Up 1.5 %

Shares of NASDAQ JBLU opened at $6.78 on Friday. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two week high of $8.31. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -2.90 and a beta of 1.83. The business’s 50 day moving average price is $7.25 and its 200-day moving average price is $6.46.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same quarter in the prior year, the business earned ($0.19) earnings per share. On average, sell-side analysts expect that JetBlue Airways Co. will post -0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of analyst reports. UBS Group cut their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. Barclays increased their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Bank of America reaffirmed an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a report on Friday, January 17th. Finally, Citigroup raised their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $6.51.

Insiders Place Their Bets

In other news, Director Nik Mittal purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

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.