JetBlue Airways Corporation $JBLU Shares Sold by Sage Rhino Capital LLC

Sage Rhino Capital LLC cut its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 25.2% in the 2nd quarter, Holdings Channel reports. The firm owned 10,713 shares of the transportation company’s stock after selling 3,618 shares during the quarter. Sage Rhino Capital LLC’s holdings in JetBlue Airways were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Amundi increased its position in JetBlue Airways by 962.8% in the first quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock worth $7,659,000 after buying an additional 1,439,435 shares during the period. Quantbot Technologies LP lifted its position in JetBlue Airways by 64.1% in the 1st quarter. Quantbot Technologies LP now owns 1,119,099 shares of the transportation company’s stock valued at $5,394,000 after purchasing an additional 437,082 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in JetBlue Airways by 85.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,560,958 shares of the transportation company’s stock valued at $7,524,000 after purchasing an additional 717,230 shares during the period. Public Sector Pension Investment Board grew its position in JetBlue Airways by 29.7% in the 1st quarter. Public Sector Pension Investment Board now owns 964,256 shares of the transportation company’s stock worth $4,648,000 after purchasing an additional 221,036 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of JetBlue Airways by 4.5% in the first quarter. Principal Financial Group Inc. now owns 1,512,443 shares of the transportation company’s stock valued at $7,290,000 after purchasing an additional 64,847 shares during the period. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JBLU. UBS Group boosted their price objective on JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research report on Friday, September 5th. Susquehanna reaffirmed a “neutral” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Citigroup set a $5.00 price target on JetBlue Airways and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. TD Cowen raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday, September 8th. Finally, Barclays restated an “underweight” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Eight investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $5.16.

JetBlue Airways Stock Up 1.6%

JBLU opened at $5.03 on Monday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The company has a market capitalization of $1.83 billion, a PE ratio of -4.57 and a beta of 1.81. The stock’s fifty day moving average is $4.91 and its 200-day moving average is $4.69. JetBlue Airways Corporation has a one year low of $3.34 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.15. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%.The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.26 billion. On average, equities analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

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.