Sequoia Financial Advisors LLC lowered its position in shares of JetBlue Airways Co. (NASDAQ:JBLU – Free Report) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,770 shares of the transportation company’s stock after selling 1,846 shares during the period. Sequoia Financial Advisors LLC’s holdings in JetBlue Airways were worth $117,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in JBLU. Point72 Asset Management L.P. raised its holdings in shares of JetBlue Airways by 715.3% in the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after buying an additional 1,430,622 shares during the last quarter. American Century Companies Inc. grew its holdings in JetBlue Airways by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after buying an additional 1,135,217 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in JetBlue Airways by 6.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after purchasing an additional 805,404 shares in the last quarter. Quantbot Technologies LP grew its stake in JetBlue Airways by 1,932.3% in the 2nd quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock worth $3,586,000 after acquiring an additional 559,917 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in JetBlue Airways by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock worth $108,875,000 after buying an additional 521,767 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on JBLU. Susquehanna increased their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a report on Friday, October 11th. Evercore ISI boosted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Citigroup upped their price objective on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Bank of America upgraded 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 research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.98.
JetBlue Airways Stock Down 7.2 %
JBLU stock opened at $5.63 on Thursday. The firm has a 50 day simple moving average of $6.16 and a 200 day simple moving average of $5.92. The firm has a market cap of $1.91 billion, a PE ratio of -2.28 and a beta of 1.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $8.07.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company posted ($0.39) EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that JetBlue Airways Co. will post -0.91 earnings per share for the current fiscal year.
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.
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