Vise Technologies Inc. Sells 27,524 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Vise Technologies Inc. trimmed its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 58.0% in the 4th quarter, Holdings Channel reports. The fund owned 19,910 shares of the transportation company’s stock after selling 27,524 shares during the quarter. Vise Technologies Inc.’s holdings in JetBlue Airways were worth $111,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JBLU. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Barclays decreased their price target on JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Monday, May 6th. Evercore ISI increased their price objective 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. JPMorgan Chase & Co. decreased their target price on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, Susquehanna raised their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.68.

JetBlue Airways Stock Performance

JBLU traded up $0.03 during trading on Thursday, hitting $6.12. The company’s stock had a trading volume of 2,426,997 shares, compared to its average volume of 15,950,513. The business’s 50 day simple moving average is $6.65 and its 200-day simple moving average is $5.80. The firm has a market cap of $2.08 billion, a PE ratio of -2.47 and a beta of 1.89. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $9.45. 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 (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm earned ($0.34) EPS. JetBlue Airways’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that JetBlue Airways Co. will post -1.07 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.