JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 19.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,862 shares of the transportation company’s stock after selling 11,044 shares during the period. Mutual of America Capital Management LLC’s holdings in JetBlue Airways were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bogart Wealth LLC increased its stake in shares of 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 during the last quarter. Trust Co. of Vermont acquired a new position in JetBlue Airways in the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of JetBlue Airways during the 2nd quarter worth $34,000. GAMMA Investing LLC increased its position in shares of JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 2,993 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in JetBlue Airways in the second quarter valued at approximately $48,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Up 0.8 %

JBLU stock opened at $5.96 on Friday. JetBlue Airways Co. has a 12 month low of $4.10 and a 12 month high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -2.37 and a beta of 1.92. The company has a fifty day moving average price of $6.53 and a 200 day moving average price of $5.93.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm earned ($0.39) EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts expect that JetBlue Airways Co. will post -0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup increased their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Barclays increased their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Evercore ISI boosted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Susquehanna upped 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. Finally, The Goldman Sachs Group restated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Four investment 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. According to data from MarketBeat.com, JetBlue Airways currently has an average rating of “Hold” and an average target price of $6.43.

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.