International Assets Investment Management LLC Reduces Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

International Assets Investment Management LLC reduced its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 84.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,595 shares of the transportation company’s stock after selling 70,028 shares during the period. International Assets Investment Management LLC’s holdings in JetBlue Airways were worth $94,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBLU. Dimensional Fund Advisors LP grew its position in shares of JetBlue Airways by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after acquiring an additional 521,767 shares during the period. American Century Companies Inc. grew its holdings in JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after purchasing an additional 1,135,217 shares during the period. Charles Schwab Investment Management Inc. increased its position in JetBlue Airways by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after buying an additional 663,865 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after buying an additional 2,584,350 shares during the period. Finally, Point72 Asset Management L.P. raised its stake 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 worth $9,930,000 after buying an additional 1,430,622 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $7.69 on Wednesday. The company has a market capitalization of $2.67 billion, a P/E ratio of -3.05 and a beta of 1.84. The company’s 50-day simple moving average is $6.95 and its two-hundred day simple moving average is $6.31. JetBlue Airways Co. has a one year low of $4.49 and a one year high of $8.28. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.39) earnings per share. As a group, equities analysts anticipate that JetBlue Airways Co. will post -0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JBLU shares. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Susquehanna raised their price target on JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. Barclays increased their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Finally, UBS Group reissued a “sell” rating and issued a $5.00 price target on shares of JetBlue Airways in a report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.65.

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.