Capital Performance Advisors LLP Lowers Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Capital Performance Advisors LLP cut its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 48.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,756 shares of the transportation company’s stock after selling 17,800 shares during the period. Capital Performance Advisors LLP’s holdings in JetBlue Airways were worth $104,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Versant Capital Management Inc increased its position in shares of JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after purchasing an additional 1,861 shares in the last quarter. Private Advisor Group LLC increased its position in shares of JetBlue Airways by 12.5% during the fourth quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock worth $136,000 after purchasing an additional 2,717 shares in the last quarter. Signaturefd LLC increased its position in shares of JetBlue Airways by 72.8% during the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after purchasing an additional 2,751 shares in the last quarter. Performa Ltd US LLC increased its position in shares of JetBlue Airways by 96.6% in the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 2,800 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of JetBlue Airways by 23.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock valued at $99,000 after acquiring an additional 3,368 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

Shares of JBLU stock traded up $0.13 during mid-day trading on Monday, hitting $5.93. 12,276,453 shares of the stock were exchanged, compared to its average volume of 16,485,414. The firm has a fifty day moving average of $6.75 and a 200 day moving average of $5.73. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.78. JetBlue Airways Co. has a 52-week low of $3.42 and a 52-week high of $9.45. The company has a market cap of $2.02 billion, a PE ratio of -2.40 and a beta of 1.89.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company posted ($0.34) EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts anticipate that JetBlue Airways Co. will post -1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Susquehanna upped their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and upped their target price for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. TD Cowen cut their target price on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Evercore ISI upped their target price on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. cut their target price on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.68.

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.