LS Investment Advisors LLC Has $457,000 Stake in JetBlue Airways Co. (JBLU)

LS Investment Advisors LLC cut its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,438 shares of the transportation company’s stock after selling 5,387 shares during the period. LS Investment Advisors LLC’s holdings in JetBlue Airways were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of JetBlue Airways by 12.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 183,343 shares of the transportation company’s stock worth $4,096,000 after buying an additional 19,878 shares during the period. California Public Employees Retirement System boosted its position in shares of JetBlue Airways by 12.9% during the fourth quarter. California Public Employees Retirement System now owns 873,721 shares of the transportation company’s stock worth $19,519,000 after buying an additional 99,616 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of JetBlue Airways by 7.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 38,260 shares of the transportation company’s stock worth $855,000 after buying an additional 2,775 shares during the period. First Mercantile Trust Co. boosted its position in shares of JetBlue Airways by 18.4% during the fourth quarter. First Mercantile Trust Co. now owns 19,075 shares of the transportation company’s stock worth $426,000 after buying an additional 2,968 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of JetBlue Airways by 52.4% during the fourth quarter. Meeder Asset Management Inc. now owns 64,194 shares of the transportation company’s stock worth $1,434,000 after buying an additional 22,063 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

JBLU has been the subject of several analyst reports. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Bank of America downgraded JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Tuesday, January 9th. BidaskClub upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Stephens initiated coverage on JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. JetBlue Airways has a consensus rating of “Hold” and a consensus target price of $24.32.

In other JetBlue Airways news, EVP James G. Hnat sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $21.05, for a total value of $42,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James G. Hnat sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $20.84, for a total value of $104,200.00. Following the completion of the sale, the executive vice president now owns 9,555 shares of the company’s stock, valued at $199,126.20. The disclosure for this sale can be found here. Insiders sold 20,545 shares of company stock valued at $442,303 over the last 90 days. 0.60% of the stock is currently owned by insiders.

Shares of JetBlue Airways Co. (NASDAQ JBLU) opened at $20.30 on Friday. The firm has a market capitalization of $6,509.13, a P/E ratio of 11.53 and a beta of 0.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. JetBlue Airways Co. has a 52-week low of $18.05 and a 52-week high of $24.13.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. JetBlue Airways had a return on equity of 14.20% and a net margin of 16.35%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. equities analysts predict that JetBlue Airways Co. will post 1.91 EPS for the current fiscal year.

JetBlue Airways declared that its board has initiated a stock buyback plan on Wednesday, December 13th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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About JetBlue Airways

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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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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