AQR Capital Management LLC Lowers Stake in JetBlue Airways Co. (NASDAQ:JBLU)

AQR Capital Management LLC lessened its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 92.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,163 shares of the transportation company’s stock after selling 278,512 shares during the quarter. AQR Capital Management LLC’s holdings in JetBlue Airways were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JBLU. Vanguard Group Inc. increased its position in JetBlue Airways by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 37,059,623 shares of the transportation company’s stock worth $205,681,000 after purchasing an additional 354,086 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in JetBlue Airways by 3.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock worth $324,000 after acquiring an additional 2,178 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of JetBlue Airways by 64.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,018 shares of the transportation company’s stock valued at $139,000 after buying an additional 9,777 shares during the last quarter. CWM LLC lifted its position in shares of JetBlue Airways by 20.2% during the first quarter. CWM LLC now owns 30,224 shares of the transportation company’s stock valued at $224,000 after buying an additional 5,069 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 2,377 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Up 8.6 %

Shares of NASDAQ:JBLU opened at $8.05 on Friday. The stock’s 50-day moving average price is $5.81 and its two-hundred day moving average price is $5.93. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $8.07. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -3.26 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $0.45 EPS. JetBlue Airways’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, research analysts forecast that JetBlue Airways Co. will post -0.91 EPS for the current year.

Analyst Upgrades and Downgrades

JBLU has been the topic of several research reports. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Friday, October 11th. Citigroup lifted their price target on JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna raised their price objective on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.80.

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.