EP Wealth Advisors LLC decreased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU – Free Report) by 20.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,567 shares of the transportation company’s stock after selling 2,800 shares during the quarter. EP Wealth Advisors LLC’s holdings in JetBlue Airways were worth $83,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in JBLU. Blue Trust Inc. lifted its stake in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in JetBlue Airways during the fourth quarter worth approximately $40,000. Bogart Wealth LLC lifted its stake in JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares during the last quarter. R Squared Ltd purchased a new stake in JetBlue Airways during the fourth quarter worth approximately $58,000. Finally, Strategic Investment Solutions Inc. IL lifted its stake in JetBlue Airways by 1,769.4% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company’s stock worth $73,000 after purchasing an additional 8,847 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on JBLU shares. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research note on Thursday. Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Bank of America reduced their price objective on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a research note on Thursday, April 3rd. Barclays reduced their price objective on JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup boosted their price objective on JetBlue Airways from $4.25 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and an average target price of $5.16.
JetBlue Airways Trading Down 2.2%
NASDAQ:JBLU opened at $4.92 on Friday. The firm has a market cap of $1.74 billion, a P/E ratio of -2.10 and a beta of 1.79. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The stock’s 50 day simple moving average is $4.58 and its 200-day simple moving average is $6.05. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) earnings per share. Equities analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current year.
Insider Activity
In other news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.
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.
Read More
- Five stocks we like better than JetBlue Airways
- Industrial Products Stocks Investing
- Walmart Stock Alert: Big Price Move Expected Soon
- What is a Death Cross in Stocks?
- An Acquisition Just Made Dick’s the Most Exciting Stock in Retail
- What is MarketRank™? How to Use it
- Microsoft and OpenAI Just Hit Reset—Here’s Why MSFT Stock Wins
Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Co. (NASDAQ:JBLU – Free Report).
Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.