JetBlue Airways Corporation (JBLU) Position Cut by Profund Advisors LLC

Profund Advisors LLC trimmed its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 31.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,409 shares of the transportation company’s stock after selling 18,202 shares during the quarter. Profund Advisors LLC’s holdings in JetBlue Airways Corporation were worth $900,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in JBLU. Quantbot Technologies LP purchased a new stake in JetBlue Airways Corporation in the first quarter valued at approximately $138,000. CENTRAL TRUST Co purchased a new stake in JetBlue Airways Corporation in the second quarter valued at approximately $162,000. IFP Advisors Inc grew its holdings in JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 2,117 shares during the period. Soros Fund Management LLC purchased a new stake in JetBlue Airways Corporation in the first quarter valued at approximately $200,000. Finally, Capital Management Associates NY purchased a new stake in JetBlue Airways Corporation in the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

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In other JetBlue Airways Corporation news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $18.79, for a total transaction of $46,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $23.13, for a total value of $118,425.60. Following the sale, the director now directly owns 560,182 shares of the company’s stock, valued at approximately $12,957,009.66. The disclosure for this sale can be found here. Insiders have sold 31,860 shares of company stock valued at $683,975 in the last ninety days. Company insiders own 0.60% of the company’s stock.

JetBlue Airways Corporation (NASDAQ JBLU) opened at 18.62 on Friday. The stock’s 50 day moving average is $20.33 and its 200-day moving average is $21.42. The firm has a market capitalization of $6.12 billion, a PE ratio of 9.45 and a beta of 0.59. JetBlue Airways Corporation has a 52-week low of $16.81 and a 52-week high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Equities analysts expect that JetBlue Airways Corporation will post $1.90 earnings per share for the current year.

A number of equities research analysts recently issued reports on JBLU shares. Standpoint Research initiated coverage on shares of JetBlue Airways Corporation in a report on Friday, September 1st. They issued an “accumulate” rating and a $26.00 target price for the company. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Bank of America Corporation lifted their price target on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, ValuEngine cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.77.

JetBlue Airways Corporation Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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

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