Belpointe Asset Management LLC Has $57,000 Stock Holdings in JetBlue Airways Corporation $JBLU

Belpointe Asset Management LLC decreased its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,856 shares of the transportation company’s stock after selling 2,340 shares during the quarter. Belpointe Asset Management LLC’s holdings in JetBlue Airways were worth $57,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quantbot Technologies LP raised its holdings in shares of JetBlue Airways by 64.1% during the first quarter. Quantbot Technologies LP now owns 1,119,099 shares of the transportation company’s stock worth $5,394,000 after acquiring an additional 437,082 shares in the last quarter. Amundi increased its position in JetBlue Airways by 962.8% in the 1st quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock worth $7,659,000 after purchasing an additional 1,439,435 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of JetBlue Airways by 85.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,560,958 shares of the transportation company’s stock worth $7,524,000 after purchasing an additional 717,230 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of JetBlue Airways by 29.7% during the 1st quarter. Public Sector Pension Investment Board now owns 964,256 shares of the transportation company’s stock valued at $4,648,000 after buying an additional 221,036 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of JetBlue Airways by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,512,443 shares of the transportation company’s stock valued at $7,290,000 after buying an additional 64,847 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on JBLU. Susquehanna reissued 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 report on Tuesday, July 29th. TD Cowen upped their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Monday, September 8th. Citigroup set a $5.00 price objective on JetBlue Airways and gave the company a “neutral” rating in a report on Tuesday, July 29th. Finally, UBS Group boosted their target price on JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a report on Friday, September 5th. Eight equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, JetBlue Airways presently has an average rating of “Reduce” and a consensus target price of $5.16.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $5.07 on Wednesday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. The company has a market cap of $1.84 billion, a PE ratio of -4.61 and a beta of 1.81. The firm has a fifty day moving average price of $4.81 and a two-hundred day moving average price of $4.75. JetBlue Airways Corporation has a fifty-two week low of $3.34 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.26 billion. Analysts expect that JetBlue Airways Corporation will post -0.69 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.