Allianz Asset Management GmbH Decreases Holdings in JetBlue Airways Corporation $JBLU

Allianz Asset Management GmbH decreased its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 85.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,561 shares of the transportation company’s stock after selling 2,756,376 shares during the quarter. Allianz Asset Management GmbH owned 0.13% of JetBlue Airways worth $1,935,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Pinnacle Holdings LLC boosted its stake in shares of JetBlue Airways by 1.3% during the 1st quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company’s stock worth $1,145,000 after acquiring an additional 3,113 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of JetBlue Airways by 15.0% during the 1st quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company’s stock worth $122,000 after purchasing an additional 3,302 shares during the last quarter. one8zero8 LLC raised its position in shares of JetBlue Airways by 26.4% during the 1st quarter. one8zero8 LLC now owns 31,600 shares of the transportation company’s stock worth $152,000 after purchasing an additional 6,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JetBlue Airways by 77.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 16,462 shares of the transportation company’s stock worth $79,000 after purchasing an additional 7,211 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of JetBlue Airways by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock worth $896,000 after purchasing an additional 8,053 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JBLU. TD Cowen lifted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, September 8th. UBS Group lifted their price objective on JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Saturday. Citigroup set a $5.00 price objective on JetBlue Airways and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Finally, Susquehanna lifted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, JetBlue Airways presently has an average rating of “Reduce” and an average price target of $5.28.

JetBlue Airways Stock Performance

Shares of JBLU opened at $4.57 on Friday. The stock has a fifty day moving average of $4.99 and a two-hundred day moving average of $4.66. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The company has a market capitalization of $1.66 billion, a PE ratio of -4.15 and a beta of 1.82. 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 issued its quarterly 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. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. As a group, analysts forecast 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.