Private Advisor Group LLC Sells 7,601 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Private Advisor Group LLC trimmed its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,668 shares of the transportation company’s stock after selling 7,601 shares during the quarter. Private Advisor Group LLC’s holdings in JetBlue Airways were worth $194,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its position in JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after buying an additional 1,823 shares during the period. Jeppson Wealth Management LLC boosted its position in shares of JetBlue Airways by 15.7% in the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock worth $90,000 after purchasing an additional 1,850 shares during the period. Blue Trust Inc. boosted its position 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 during the period. Bogart Wealth LLC boosted its position in shares of JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $6.10 on Friday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -2.61 and a beta of 1.83. The firm’s fifty day moving average is $7.08 and its 200 day moving average is $6.58. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 52-week low of $4.50 and a 52-week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the prior year, the business earned ($0.19) EPS. Sell-side analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insider Activity at JetBlue Airways

In other news, Director Nik Mittal acquired 100,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the transaction, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America reiterated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. UBS Group dropped their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, JetBlue Airways has an average rating of “Hold” and a consensus price target of $6.33.

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.