Vanguard Personalized Indexing Management LLC Sells 53,949 Shares of JetBlue Airways Corporation $JBLU

Vanguard Personalized Indexing Management LLC lowered its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 81.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,554 shares of the transportation company’s stock after selling 53,949 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in JetBlue Airways were worth $53,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JBLU. Illinois Municipal Retirement Fund lifted its holdings in shares of JetBlue Airways by 40.1% in the first quarter. Illinois Municipal Retirement Fund now owns 176,876 shares of the transportation company’s stock worth $853,000 after buying an additional 50,606 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of JetBlue Airways in the first quarter worth about $61,000. Principal Financial Group Inc. grew its holdings in JetBlue Airways by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,512,443 shares of the transportation company’s stock worth $7,290,000 after acquiring an additional 64,847 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in JetBlue Airways during the 1st quarter worth about $130,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of JetBlue Airways by 15.0% in the 1st quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company’s stock valued at $122,000 after buying an additional 3,302 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

JBLU has been the subject of several research analyst reports. TD Cowen increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Monday, September 8th. Susquehanna raised their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. UBS Group lifted their price target on JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a report on Friday, September 5th. Finally, Barclays restated an “underweight” rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Seven equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of “Reduce” and an average target price of $5.28.

JetBlue Airways Stock Up 3.3%

JetBlue Airways stock opened at $4.72 on Tuesday. 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 firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -4.29 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. The stock’s fifty day moving average is $4.98 and its two-hundred day moving average is $4.66.

JetBlue Airways (NASDAQ:JBLU) last posted 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 return on equity of 15.59% and a negative net margin of 4.22%.The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.26 billion. Analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

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.