Arcus Capital Partners LLC reduced its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the transportation company’s stock after selling 665 shares during the quarter. Arcus Capital Partners LLC’s holdings in JetBlue Airways Corporation were worth $251,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in JBLU. CENTRAL TRUST Co bought a new stake in JetBlue Airways Corporation in the second quarter valued at about $162,000. IFP Advisors Inc increased its holdings in JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after buying an additional 2,117 shares during the last quarter. Soros Fund Management LLC bought a new stake in JetBlue Airways Corporation in the first quarter valued at about $200,000. Capital Management Associates NY bought a new stake in JetBlue Airways Corporation in the second quarter valued at about $203,000. Finally, Investment Centers of America Inc. bought a new stake in JetBlue Airways Corporation in the second quarter valued at about $205,000. 84.48% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Zacks Investment Research raised JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, July 12th. BidaskClub lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Bank of America Corporation boosted their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 30th. Finally, Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $24.00 in a report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. JetBlue Airways Corporation presently has an average rating of “Hold” and a consensus price target of $25.25.
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In other news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.00, for a total transaction of $112,640.00. Following the sale, the director now directly owns 555,062 shares of the company’s stock, valued at $12,211,364. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total transaction of $44,060.00. Following the sale, the chief executive officer now directly owns 406,362 shares in the company, valued at $8,952,154.86. The disclosure for this sale can be found here. Insiders have sold 31,860 shares of company stock worth $646,973 over the last three months. 0.60% of the stock is owned by insiders.
Shares of JetBlue Airways Corporation (JBLU) traded down 0.10% during trading on Friday, hitting $20.32. The stock had a trading volume of 1,474,404 shares. JetBlue Airways Corporation has a one year low of $16.85 and a one year high of $24.13. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 10.31 and a beta of 0.59. The stock’s 50-day moving average price is $19.30 and its 200 day moving average price is $21.33.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. JetBlue Airways Corporation’s revenue was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that JetBlue Airways Corporation will post $1.82 EPS for the current year.
JetBlue Airways Corporation Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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