JetBlue Airways Co. (NASDAQ:JBLU) Position Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,573 shares of the transportation company’s stock after selling 4,886 shares during the quarter. Victory Capital Management Inc.’s holdings in JetBlue Airways were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JBLU. Versant Capital Management Inc boosted its holdings in shares of JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,861 shares during the period. Signaturefd LLC grew its position in JetBlue Airways by 72.8% in the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after purchasing an additional 2,751 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of JetBlue Airways in the third quarter valued at approximately $47,000. Merit Financial Group LLC acquired a new stake in shares of JetBlue Airways in the third quarter valued at approximately $48,000. Finally, HBK Sorce Advisory LLC bought a new stake in shares of JetBlue Airways during the fourth quarter valued at approximately $58,000. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on JBLU shares. JPMorgan Chase & Co. lowered their target price on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. TD Cowen decreased their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Susquehanna raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Finally, Barclays reduced their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Monday, May 6th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, JetBlue Airways currently has an average rating of “Hold” and an average target price of $5.68.

JetBlue Airways Trading Down 2.7 %

Shares of NASDAQ:JBLU opened at $5.45 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -2.21 and a beta of 1.89. JetBlue Airways Co. has a 1-year low of $3.42 and a 1-year high of $9.45. The company has a 50 day moving average price of $6.46 and a 200 day moving average price of $5.87.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company posted ($0.34) EPS. The company’s revenue was down 5.5% compared to the same quarter last year. On average, research analysts anticipate that JetBlue Airways Co. will post -1.07 EPS for the current fiscal year.

JetBlue Airways Profile

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.