Assenagon Asset Management S.A. Reduces Stock Position in JetBlue Airways Corporation $JBLU

Assenagon Asset Management S.A. lessened its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,825,046 shares of the transportation company’s stock after selling 126,209 shares during the period. Assenagon Asset Management S.A. owned 0.50% of JetBlue Airways worth $8,304,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in JetBlue Airways by 51.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,084 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 5,439 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of JetBlue Airways in the 4th quarter worth about $242,000. Foguth Wealth Management LLC. purchased a new stake in shares of JetBlue Airways in the 4th quarter worth about $95,000. Mirabella Financial Services LLP bought a new stake in shares of JetBlue Airways during the 3rd quarter valued at about $437,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of JetBlue Airways by 639.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 5,049 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Down 6.4%

NASDAQ:JBLU opened at $4.22 on Friday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -2.53 and a beta of 1.72. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 3.65. The company’s 50 day moving average price is $5.15 and its 200-day moving average price is $4.85. JetBlue Airways Corporation has a 52 week low of $3.34 and a 52 week high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.04). JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business earned ($0.21) earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on JBLU shares. BMO Capital Markets assumed coverage on JetBlue Airways in a report on Tuesday, March 24th. They set a “market perform” rating and a $4.50 target price on the stock. Citigroup lowered their target price on JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a research note on Friday, March 20th. UBS Group dropped their price target on JetBlue Airways from $4.00 to $3.50 and set a “sell” rating on the stock in a research report on Monday, March 16th. JPMorgan Chase & Co. upped their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, TD Cowen upgraded JetBlue Airways from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Reduce” and an average target price of $4.80.

Key Stories Impacting JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: Management is reportedly exploring potential merger partners and broader industry M&A is gaining momentum, which could unlock strategic value or create a takeover premium. JetBlue explores potential mergers as industry M&A gains momentum
• Positive Sentiment: Press reports that JetBlue is conducting a strategic review — including a possible sale — drove earlier upside, signaling investors are pricing in potential corporate action or investor interest. Stock Market Today, March 25: JetBlue Airways Stock Surges After Reports of Strategic Review Including Possible Sale
• Positive Sentiment: JetBlue announced network expansion at Fort Lauderdale (new Cleveland route and added frequencies on nine routes), which should help near‑term revenue and market share at FLL. This is a tangible growth action from management. JetBlue Grows Fort Lauderdale Network with New Route and More Flights
• Neutral Sentiment: BMO Capital Markets initiated coverage on JetBlue — coverage initiation can add liquidity and attention but its directional impact depends on the stance and models in the report. JetBlue Airways (NASDAQ:JBLU) Coverage Initiated at BMO Capital Markets
• Negative Sentiment: Brokerage consensus has tilted to a “Reduce” rating, which increases selling pressure and signals muted near-term expectations from sell‑side analysts. JetBlue Airways Corporation (NASDAQ:JBLU) Receives Consensus Recommendation of “Reduce” from Brokerages
• Negative Sentiment: Zacks trimmed FY2028 EPS estimates and consensus still points to negative full‑year EPS, reinforcing analyst caution around profitability recovery. JBLU Boosts Its Presence in Fort Lauderdale With New Routes & Flights
• Negative Sentiment: Short‑term technical/market action: the stock cooled after a rally, reflecting profit‑taking and sensitivity to headlines and analyst commentary given JBLU’s high volatility and elevated leverage. JetBlue stock is dipping after its Wednesday rally: What’s happening?

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.