Cornerstone Capital Management Holdings LLC. Reduces Position in JetBlue Airways Corporation (JBLU)

Cornerstone Capital Management Holdings LLC. reduced its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 57.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,774 shares of the transportation company’s stock after selling 363,370 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.08% of JetBlue Airways Corporation worth $6,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. World Asset Management Inc increased its position in JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after buying an additional 155 shares during the period. M&T Bank Corp grew its stake in shares of JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock worth $442,000 after purchasing an additional 181 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after purchasing an additional 283 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock worth $756,000 after purchasing an additional 360 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of JetBlue Airways Corporation by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 18,497 shares of the transportation company’s stock worth $422,000 after purchasing an additional 398 shares in the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.45, for a total value of $94,464.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total transaction of $37,120.00. Following the completion of the sale, the chief executive officer now directly owns 402,362 shares in the company, valued at approximately $7,467,838.72. The disclosure for this sale can be found here. Insiders have sold a total of 31,860 shares of company stock valued at $646,973 in the last quarter. Company insiders own 0.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/cornerstone-capital-management-holdings-llc-reduces-position-in-jetblue-airways-corporation-jblu.html.

JetBlue Airways Corporation (NASDAQ:JBLU) opened at 20.23 on Wednesday. JetBlue Airways Corporation has a 1-year low of $16.85 and a 1-year high of $24.13. The firm has a 50-day moving average price of $19.27 and a 200-day moving average price of $21.34. The firm has a market capitalization of $6.65 billion, a PE ratio of 10.27 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. Equities analysts expect that JetBlue Airways Corporation will post $1.84 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, July 12th. BidaskClub lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Bank of America Corporation increased their price target on 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, Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” ra

Other hedge funds have also recently bought and sold shares of the company. World Asset Management Inc increased its position in JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after buying an additional 155 shares during the period. M&T Bank Corp grew its stake in shares of JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock worth $442,000 after purchasing an additional 181 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after purchasing an additional 283 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock worth $756,000 after purchasing an additional 360 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of JetBlue Airways Corporation by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 18,497 shares of the transportation company’s stock worth $422,000 after purchasing an additional 398 shares in the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.45, for a total value of $94,464.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total transaction of $37,120.00. Following the completion of the sale, the chief executive officer now directly owns 402,362 shares in the company, valued at approximately $7,467,838.72. The disclosure for this sale can be found here. Insiders have sold a total of 31,860 shares of company stock valued at $646,973 in the last quarter. Company insiders own 0.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/cornerstone-capital-management-holdings-llc-reduces-position-in-jetblue-airways-corporation-jblu.html.

JetBlue Airways Corporation (NASDAQ:JBLU) opened at 20.23 on Wednesday. JetBlue Airways Corporation has a 1-year low of $16.85 and a 1-year high of $24.13. The firm has a 50-day moving average price of $19.27 and a 200-day moving average price of $21.34. The firm has a market capitalization of $6.65 billion, a PE ratio of 10.27 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. Equities analysts expect that JetBlue Airways Corporation will post $1.84 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, July 12th. BidaskClub lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Bank of America Corporation increased their price target on 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, Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $28.00 to $24.00 in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.17.

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.

Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Corporation (NASDAQ:JBLU).

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

Receive News & Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply