JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 26.1% during the fourth quarter, HoldingsChannel reports. The firm owned 682,017 shares of the transportation company’s stock after selling 240,908 shares during the quarter. Quantbot Technologies LP’s holdings in JetBlue Airways were worth $5,361,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JBLU. Harvest Fund Management Co. Ltd acquired a new position in shares of JetBlue Airways during the third quarter worth $28,000. Blue Trust Inc. lifted its position in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways during the fourth quarter worth $40,000. Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of JetBlue Airways in the fourth quarter worth $58,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price target for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Susquehanna lowered their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Finally, Citigroup boosted their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $6.33.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $5.60 on Friday. JetBlue Airways Co. has a twelve month low of $4.50 and a twelve month high of $8.31. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -2.39 and a beta of 1.80. The firm has a 50-day moving average of $6.83 and a two-hundred day moving average of $6.61.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the business posted ($0.19) earnings per share. As a group, analysts expect that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company’s stock, valued at $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.18% of the company’s stock.

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.