Mutual of America Capital Management LLC Reduces Position in JetBlue Airways Corporation $JBLU

Mutual of America Capital Management LLC lessened its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,146 shares of the transportation company’s stock after selling 5,061 shares during the quarter. Mutual of America Capital Management LLC’s holdings in JetBlue Airways were worth $166,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of JetBlue Airways during the 2nd quarter valued at about $47,000. Ballentine Partners LLC purchased a new stake in JetBlue Airways in the second quarter worth approximately $48,000. GW Henssler & Associates Ltd. purchased a new stake in JetBlue Airways in the first quarter worth approximately $52,000. Teacher Retirement System of Texas purchased a new stake in JetBlue Airways in the first quarter worth approximately $61,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in JetBlue Airways by 201.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company’s stock worth $76,000 after purchasing an additional 10,519 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup set a $5.00 price target on JetBlue Airways and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. TD Cowen raised 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. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Susquehanna raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Finally, Barclays reissued an “underweight” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, JetBlue Airways presently has a consensus rating of “Reduce” and a consensus target price of $5.28.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $4.13 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.82 and a quick ratio of 0.84. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a market capitalization of $1.50 billion, a P/E ratio of -3.13 and a beta of 1.82. The firm’s 50 day simple moving average is $4.92 and its two-hundred day simple moving average is $4.67.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned ($0.16) EPS. JetBlue Airways’s revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts expect 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.