Deutsche Bank AG Sells 19,156 Shares of JetBlue Airways Corporation $JBLU

Deutsche Bank AG lowered its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,027 shares of the transportation company’s stock after selling 19,156 shares during the period. Deutsche Bank AG owned about 0.07% of JetBlue Airways worth $1,142,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of JetBlue Airways in the 1st quarter valued at $53,000. Teacher Retirement System of Texas bought a new stake in shares of JetBlue Airways in the 1st quarter valued at $61,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of JetBlue Airways in the 1st quarter valued at $78,000. Sherbrooke Park Advisers LLC bought a new stake in shares of JetBlue Airways in the 4th quarter valued at $79,000. Finally, Journey Strategic Wealth LLC bought a new stake in shares of JetBlue Airways in the 1st quarter valued at $84,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $5.38 on Friday. The firm has a market cap of $1.96 billion, a PE ratio of -4.89 and a beta of 1.80. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a fifty day moving average price of $4.49 and a 200 day moving average price of $4.94.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.15. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.26 billion. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. Research analysts predict that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Raymond James Financial cut shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Susquehanna restated a “neutral” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Barclays restated an “underweight” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, JetBlue Airways has an average rating of “Reduce” and an average price target of $5.16.

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.