California Public Employees Retirement System Sells 85,958 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

California Public Employees Retirement System lessened its position in JetBlue Airways Co. (NASDAQ:JBLU) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491,899 shares of the transportation company’s stock after selling 85,958 shares during the quarter. California Public Employees Retirement System’s holdings in JetBlue Airways were worth $2,730,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of JBLU. Versant Capital Management Inc raised its holdings in shares of JetBlue Airways by 41.3% in the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 1,861 shares during the last quarter. Signaturefd LLC grew its position in JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 2,751 shares in the last quarter. Performa Ltd US LLC increased its stake in 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 buying an additional 2,800 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in JetBlue Airways by 23.4% during the 4th 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. Finally, Oregon Public Employees Retirement Fund lifted its position in JetBlue Airways by 4.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 99,083 shares of the transportation company’s stock worth $456,000 after buying an additional 4,239 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBLU. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and raised their price objective for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price target 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. Barclays began coverage on JetBlue Airways in a report on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price objective for the company. Bank of America downgraded shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Finally, TD Cowen cut their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.78.

JetBlue Airways Trading Up 0.5 %

Shares of JetBlue Airways stock opened at $5.80 on Monday. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $9.45. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -2.35 and a beta of 1.89. The business has a fifty day simple moving average of $6.76 and a two-hundred day simple moving average of $5.72. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51.

JetBlue Airways (NASDAQ:JBLU) last announced its 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 business had revenue of $2.20 billion during 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%. JetBlue Airways’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.34) EPS. Research analysts forecast that JetBlue Airways Co. will post -1.01 EPS for the current year.

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.