Amalgamated Bank Reduces Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Amalgamated Bank lessened its position in shares of JetBlue Airways Co. (NASDAQ:JBLUGet Rating) by 3.5% during the 1st quarter, Holdings Channel reports. The firm owned 219,707 shares of the transportation company’s stock after selling 8,067 shares during the quarter. Amalgamated Bank’s holdings in JetBlue Airways were worth $3,285,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of JBLU. Vanguard Group Inc. grew its position in shares of JetBlue Airways by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,275,634 shares of the transportation company’s stock valued at $437,671,000 after purchasing an additional 379,060 shares in the last quarter. State Street Corp increased its position in shares of JetBlue Airways by 5.7% during the first quarter. State Street Corp now owns 9,284,127 shares of the transportation company’s stock worth $138,798,000 after purchasing an additional 499,600 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of JetBlue Airways by 35.3% during the first quarter. Dimensional Fund Advisors LP now owns 9,074,312 shares of the transportation company’s stock worth $135,659,000 after purchasing an additional 2,366,863 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of JetBlue Airways by 8.8% during the first quarter. Donald Smith & CO. Inc. now owns 8,030,450 shares of the transportation company’s stock worth $120,055,000 after buying an additional 647,816 shares during the last quarter. Finally, U S Global Investors Inc. boosted its holdings in JetBlue Airways by 3.0% in the 1st quarter. U S Global Investors Inc. now owns 6,983,054 shares of the transportation company’s stock valued at $104,397,000 after purchasing an additional 204,820 shares in the last quarter. Hedge funds and other institutional investors own 72.18% of the company’s stock.

Wall Street Analysts Forecast Growth

JBLU has been the subject of several analyst reports. Bank of America started coverage on JetBlue Airways in a report on Thursday, August 4th. They issued a “neutral” rating and a $10.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of JetBlue Airways from $16.00 to $10.00 in a research report on Wednesday, August 3rd. Susquehanna cut shares of JetBlue Airways from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $9.00 in a report on Tuesday, July 12th. StockNews.com downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Finally, Susquehanna Bancshares downgraded shares of JetBlue Airways from a “positive” rating to a “neutral” rating and cut their price target for the company from $14.00 to $9.00 in a report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and an average target price of $13.61.

JetBlue Airways Stock Down 7.1 %

JBLU stock opened at $7.10 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of -5.18 and a beta of 1.47. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 0.98. JetBlue Airways Co. has a 12 month low of $7.08 and a 12 month high of $16.65. The firm has a 50-day moving average price of $8.28 and a 200-day moving average price of $10.13.

JetBlue Airways (NASDAQ:JBLUGet Rating) last posted its earnings results on Tuesday, August 2nd. The transportation company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.36). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.46 billion. JetBlue Airways had a negative return on equity of 15.20% and a negative net margin of 5.53%. The firm’s revenue was up 63.1% compared to the same quarter last year. During the same period last year, the company posted ($0.64) EPS. As a group, equities research analysts anticipate that JetBlue Airways Co. will post -0.89 EPS for the current fiscal year.

JetBlue Airways Company Profile

(Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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