SG Americas Securities LLC lowered its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU – Free Report) by 13.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 730,288 shares of the transportation company’s stock after selling 109,263 shares during the period. SG Americas Securities LLC’s holdings in JetBlue Airways were worth $3,228,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of JBLU. Rockefeller Capital Management L.P. boosted its stake in JetBlue Airways by 157.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after buying an additional 3,373 shares in the last quarter. Corient Private Wealth LLC raised its stake in JetBlue Airways by 26.1% during the fourth quarter. Corient Private Wealth LLC now owns 22,513 shares of the transportation company’s stock worth $102,000 after acquiring an additional 4,664 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in JetBlue Airways by 203.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 17,729 shares of the transportation company’s stock worth $81,000 after acquiring an additional 11,890 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of JetBlue Airways in the fourth quarter worth about $89,000. Finally, Virtu Financial LLC acquired a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $1,333,000. 83.71% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on JBLU shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Tuesday, April 21st. TD Cowen upgraded shares of JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Seaport Research Partners raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Thursday, April 16th. UBS Group upped their price target on shares of JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Tuesday, June 23rd. Finally, Citigroup increased their price target on JetBlue Airways from $4.40 to $6.60 and gave the company a “neutral” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $5.23.
Insider Activity at JetBlue Airways
In related news, Director Thomas Winkelmann sold 35,473 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.70, for a total value of $166,723.10. Following the sale, the director owned 13,379 shares of the company’s stock, valued at $62,881.30. The trade was a 72.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vivek Sharma sold 32,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the completion of the sale, the director directly owned 35,479 shares in the company, valued at approximately $191,941.39. This represents a 47.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.41% of the company’s stock.
JetBlue Airways Stock Performance
NASDAQ:JBLU opened at $5.73 on Wednesday. The stock’s 50-day moving average is $5.13 and its 200-day moving average is $5.06. JetBlue Airways Corporation has a 1-year low of $3.87 and a 1-year high of $6.50. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 4.25. The stock has a market cap of $2.13 billion, a P/E ratio of -2.95 and a beta of 1.73.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business earned ($0.59) EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that JetBlue Airways Corporation will post -2.67 earnings per share for the current year.
JetBlue Airways Company Profile
JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.
The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.
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