MetLife Investment Management LLC Sells 14,919 Shares of JetBlue Airways Corporation $JBLU

MetLife Investment Management LLC reduced its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,049 shares of the transportation company’s stock after selling 14,919 shares during the quarter. MetLife Investment Management LLC’s holdings in JetBlue Airways were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vident Advisory LLC lifted its holdings in shares of JetBlue Airways by 10.9% in the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock worth $182,000 after buying an additional 2,284 shares in the last quarter. Pinnacle Holdings LLC lifted its holdings in shares of JetBlue Airways by 1.3% in the first quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company’s stock worth $1,145,000 after buying an additional 3,113 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of JetBlue Airways by 15.0% in the first quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company’s stock worth $122,000 after buying an additional 3,302 shares in the last quarter. one8zero8 LLC lifted its holdings in shares of JetBlue Airways by 26.4% in the first quarter. one8zero8 LLC now owns 31,600 shares of the transportation company’s stock worth $152,000 after buying an additional 6,600 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JetBlue Airways by 77.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 16,462 shares of the transportation company’s stock worth $79,000 after buying an additional 7,211 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on JBLU shares. Raymond James Financial downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. UBS Group boosted their target price on shares of JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a report on Friday. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Susquehanna reaffirmed a “neutral” rating on shares of JetBlue Airways in a research note 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. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.18.

JetBlue Airways Trading Down 0.2%

Shares of JBLU opened at $5.08 on Friday. JetBlue Airways Corporation has a twelve month low of $3.34 and a twelve month high of $8.31. The company has a market cap of $1.85 billion, a P/E ratio of -4.62 and a beta of 1.81. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The company’s fifty day simple moving average is $4.71 and its 200-day simple moving average is $4.83.

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, beating the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. As a group, analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current year.

JetBlue Airways 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.