CIBC Asset Management Inc Has $188,000 Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

CIBC Asset Management Inc decreased its position in JetBlue Airways Co. (NASDAQ:JBLU) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,593 shares of the transportation company’s stock after selling 3,956 shares during the quarter. CIBC Asset Management Inc’s holdings in JetBlue Airways were worth $188,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in JetBlue Airways in the 2nd quarter valued at about $27,000. Bogart Wealth LLC raised its position in shares of JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of JetBlue Airways in the second quarter valued at approximately $34,000. GAMMA Investing LLC grew its position in JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after buying an additional 2,993 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in JetBlue Airways during the second quarter worth approximately $48,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Down 1.0 %

JBLU opened at $6.09 on Friday. The company’s 50 day moving average price is $6.51 and its two-hundred day moving average price is $5.92. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -2.42 and a beta of 1.92. JetBlue Airways Co. has a fifty-two week low of $4.10 and a fifty-two week high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.39) earnings per share. As a group, research analysts predict that JetBlue Airways Co. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JBLU shares. Barclays upped their target price on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Susquehanna upped their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. TD Cowen upped their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.43.

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.