Mackenzie Financial Corp Lowers Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Mackenzie Financial Corp reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 32.3% during the fourth quarter, Holdings Channel reports. The firm owned 21,024 shares of the transportation company’s stock after selling 10,030 shares during the period. Mackenzie Financial Corp’s holdings in JetBlue Airways were worth $117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in JetBlue Airways by 41.3% in the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after buying an additional 1,861 shares during 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 valued at $30,000 after acquiring an additional 2,751 shares during the last quarter. Performa Ltd US LLC lifted its holdings in JetBlue Airways by 96.6% during the third quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after acquiring an additional 2,800 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in JetBlue Airways by 23.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock worth $99,000 after acquiring an additional 3,368 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in JetBlue Airways by 4.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 99,083 shares of the transportation company’s stock worth $456,000 after purchasing an additional 4,239 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBLU has been the subject of several research analyst reports. TD Cowen decreased their target price on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Susquehanna lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Barclays assumed coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 price objective on the stock. Finally, Evercore ISI raised their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and a consensus target price of $5.78.

JetBlue Airways Stock Up 2.1 %

Shares of NASDAQ:JBLU opened at $5.90 on Tuesday. The firm has a market capitalization of $2.01 billion, a PE ratio of -2.39 and a beta of 1.86. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. JetBlue Airways Co. has a 52-week low of $3.42 and a 52-week high of $9.45. The firm has a fifty day moving average of $6.84 and a 200 day moving average of $5.68.

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