Wealth Enhancement Advisory Services LLC Has $66,000 Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Wealth Enhancement Advisory Services LLC reduced its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 22.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,025 shares of the transportation company’s stock after selling 2,880 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in JetBlue Airways were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Smith Anglin Financial LLC boosted its stake in shares of JetBlue Airways by 14.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after purchasing an additional 1,763 shares in the last quarter. Sage Rhino Capital LLC boosted its stake in shares of JetBlue Airways by 9.9% in the 2nd quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,788 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of JetBlue Airways by 79.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 2,993 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of JetBlue Airways by 31.6% in the 1st quarter. EP Wealth Advisors LLC now owns 13,548 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 3,255 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of JetBlue Airways in the 1st quarter valued at approximately $25,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $6.94 on Thursday. The company has a fifty day moving average of $6.36 and a 200-day moving average of $5.89. The firm has a market capitalization of $2.41 billion, a P/E ratio of -2.75 and a beta of 1.92. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways Co. has a twelve month low of $4.09 and a twelve month high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.39) EPS. As a group, sell-side analysts anticipate that JetBlue Airways Co. will post -0.94 EPS for the current year.

Analysts Set New Price Targets

JBLU has been the subject of a number of research reports. Citigroup raised their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Susquehanna raised their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Evercore ISI raised their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $3.00 to $6.00 in a report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.31.

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.