JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,374 shares of the transportation company’s stock after selling 2,781 shares during the quarter. Comerica Bank owned about 0.05% of JetBlue Airways worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at $29,000. Allworth Financial LP lifted its holdings in JetBlue Airways by 1,693.5% in the 2nd quarter. Allworth Financial LP now owns 2,224 shares of the transportation company’s stock worth $37,000 after buying an additional 2,100 shares in the last quarter. West Branch Capital LLC acquired a new position in JetBlue Airways in the 2nd quarter worth $39,000. Eaton Vance Management acquired a new position in JetBlue Airways in the 1st quarter worth $61,000. Finally, Amundi Asset Management US Inc. acquired a new position in JetBlue Airways in the 1st quarter worth $77,000. Institutional investors and hedge funds own 76.54% of the company’s stock.

Shares of NASDAQ:JBLU opened at $14.46 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.95. JetBlue Airways Co. has a fifty-two week low of $13.86 and a fifty-two week high of $21.96. The firm has a 50-day simple moving average of $15.20 and a 200 day simple moving average of $16.21. The company has a market cap of $4.60 billion, a PE ratio of -9.51 and a beta of 1.51.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Monday, October 25th. The transportation company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. JetBlue Airways had a negative net margin of 8.92% and a negative return on equity of 29.71%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned ($1.75) EPS. The company’s revenue for the quarter was up 300.8% compared to the same quarter last year. As a group, research analysts forecast that JetBlue Airways Co. will post -2.62 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Susquehanna cut their price objective on shares of JetBlue Airways from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Wednesday, July 28th. Exane BNP Paribas upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and set a $17.00 price objective on the stock in a report on Wednesday, November 17th. The Goldman Sachs Group lowered shares of JetBlue Airways from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $17.00 in a report on Wednesday, October 6th. Susquehanna Bancshares dropped their target price on shares of JetBlue Airways from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Wednesday, July 28th. Finally, BNP Paribas raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and set a $17.00 target price for the company in a research report on Wednesday, November 17th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $20.54.

JetBlue Airways Profile

JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom.

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

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