JetBlue Airways Co. (NASDAQ:JBLU) Holdings Lowered by Strs Ohio

Strs Ohio decreased its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 154,100 shares of the transportation company’s stock after selling 11,600 shares during the period. Strs Ohio’s holdings in JetBlue Airways were worth $855,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its position in shares of JetBlue Airways by 458.5% in the third quarter. CWM LLC now owns 26,836 shares of the transportation company’s stock worth $123,000 after acquiring an additional 22,031 shares in the last quarter. SG Americas Securities LLC boosted its position in JetBlue Airways by 57.7% during the 3rd quarter. SG Americas Securities LLC now owns 351,648 shares of the transportation company’s stock worth $1,618,000 after acquiring an additional 128,716 shares during the period. State of Alaska Department of Revenue grew its stake in JetBlue Airways by 410.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 207,484 shares of the transportation company’s stock valued at $954,000 after acquiring an additional 166,847 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of JetBlue Airways by 19.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 48,400 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 7,800 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of JetBlue Airways in the third quarter worth approximately $565,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $5.91 on Thursday. The stock has a market capitalization of $2.01 billion, a P/E ratio of -6.29 and a beta of 1.86. The business has a 50-day moving average of $6.91 and a two-hundred day moving average of $5.65. JetBlue Airways Co. has a fifty-two week low of $3.42 and a fifty-two week high of $9.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business earned ($0.34) EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that JetBlue Airways Co. will post -0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

JBLU has been the topic of a number of research analyst reports. TD Cowen lowered their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday. Barclays started coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price target on the stock. Bank of America lowered JetBlue Airways from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and boosted their target price for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. Finally, Evercore ISI lifted their price target on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Five 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.78.

JetBlue Airways Company Profile

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.