Dimensional Fund Advisors LP Sells 670,419 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Dimensional Fund Advisors LP lowered its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,889,112 shares of the transportation company’s stock after selling 670,419 shares during the period. Dimensional Fund Advisors LP owned approximately 4.29% of JetBlue Airways worth $117,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Forum Financial Management LP bought a new stake in shares of JetBlue Airways in the 4th quarter worth $111,000. Canada Pension Plan Investment Board bought a new stake in JetBlue Airways in the 4th quarter worth about $3,415,000. Strategic Investment Solutions Inc. IL raised its position in JetBlue Airways by 1,769.4% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company’s stock worth $73,000 after buying an additional 8,847 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in JetBlue Airways during the 4th quarter valued at about $498,000. Finally, Jump Financial LLC lifted its stake in JetBlue Airways by 200.6% during the 4th quarter. Jump Financial LLC now owns 2,223,354 shares of the transportation company’s stock valued at $17,476,000 after acquiring an additional 1,483,763 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Down 1.5 %

JBLU opened at $3.88 on Friday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -1.66 and a beta of 1.69. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The firm’s fifty day moving average is $5.11 and its 200 day moving average is $6.29. JetBlue Airways Co. has a fifty-two week low of $3.34 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the prior year, the business earned ($0.19) EPS. On average, sell-side analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of JetBlue Airways from $7.15 to $4.25 and set a “neutral” rating for the company in a report on Friday, April 11th. Raymond James raised JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and cut their price objective for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Barclays lowered their target price on JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Finally, Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, JetBlue Airways has an average rating of “Hold” and a consensus price target of $5.09.

Insiders Place Their Bets

In related news, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nik Mittal purchased 100,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by corporate insiders.

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.