JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in JetBlue Airways Co. (NASDAQ:JBLUGet Rating) by 35.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,394 shares of the transportation company’s stock after selling 53,849 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in JetBlue Airways were worth $639,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in JetBlue Airways by 11.8% during the second quarter. Integrated Wealth Concepts LLC now owns 12,296 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 1,293 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of JetBlue Airways by 2.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 46,042 shares of the transportation company’s stock worth $385,000 after purchasing an additional 1,300 shares during the period. Captrust Financial Advisors increased its position in JetBlue Airways by 20.9% during the 1st quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company’s stock worth $118,000 after purchasing an additional 1,365 shares in the last quarter. AE Wealth Management LLC lifted its position in JetBlue Airways by 18.6% during the second quarter. AE Wealth Management LLC now owns 12,089 shares of the transportation company’s stock valued at $101,000 after buying an additional 1,897 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in JetBlue Airways by 10.2% during the first quarter. Natixis Advisors L.P. now owns 20,552 shares of the transportation company’s stock worth $307,000 after buying an additional 1,902 shares during the period. 66.29% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $8.47 on Wednesday. The firm has a market cap of $2.74 billion, a PE ratio of -5.33 and a beta of 1.51. The firm’s 50-day simple moving average is $7.47 and its 200-day simple moving average is $7.71. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.65 and a current ratio of 0.67. JetBlue Airways Co. has a 1 year low of $6.18 and a 1 year high of $16.39.

JetBlue Airways (NASDAQ:JBLUGet Rating) last issued its earnings results on Tuesday, October 25th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. JetBlue Airways had a negative net margin of 6.00% and a negative return on equity of 12.67%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS. Equities analysts forecast that JetBlue Airways Co. will post -0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on JBLU. Cowen downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating and cut their target price for the company from $10.00 to $9.00 in a research note on Thursday, December 15th. Cowen lowered shares of JetBlue Airways from an “outperform” rating to a “market perform” rating and set a $9.00 target price on the stock. in a report on Thursday, December 15th. Citigroup assumed coverage on shares of JetBlue Airways in a report on Monday, December 5th. They set a “neutral” rating and a $9.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of JetBlue Airways from $10.00 to $8.50 in a report on Tuesday, December 20th. Finally, StockNews.com upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.77.

JetBlue Airways Company Profile

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and the most legroom.

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

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