California State Teachers Retirement System Has $14.07 Million Position in JetBlue Airways Corporation (JBLU)

California State Teachers Retirement System lowered its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 616,232 shares of the transportation company’s stock after selling 42,408 shares during the period. California State Teachers Retirement System owned 0.19% of JetBlue Airways Corporation worth $14,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JBLU. Alliancebernstein L.P. boosted its stake in shares of JetBlue Airways Corporation by 1,135.5% during the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock valued at $66,837,000 after acquiring an additional 2,690,638 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of JetBlue Airways Corporation by 7.8% during the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock valued at $596,262,000 after acquiring an additional 2,085,912 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of JetBlue Airways Corporation by 2,465.3% during the first quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock valued at $36,587,000 after acquiring an additional 1,706,000 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of JetBlue Airways Corporation by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after acquiring an additional 1,410,594 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of JetBlue Airways Corporation by 35.0% during the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock valued at $84,649,000 after acquiring an additional 961,535 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of JetBlue Airways Corporation (JBLU) opened at 20.34 on Friday. The firm has a 50-day moving average price of $19.38 and a 200-day moving average price of $21.31. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 10.32 and a beta of 0.59. JetBlue Airways Corporation has a 52 week low of $16.85 and a 52 week high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. JetBlue Airways Corporation’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts expect that JetBlue Airways Corporation will post $1.78 earnings per share for the current fiscal year.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.00, for a total transaction of $112,640.00. Following the transaction, the director now directly owns 555,062 shares of the company’s stock, valued at $12,211,364. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.56, for a total value of $37,120.00. Following the transaction, the chief executive officer now directly owns 402,362 shares in the company, valued at $7,467,838.72. The disclosure for this sale can be found here. Insiders have sold 31,860 shares of company stock worth $646,973 over the last three months. 0.60% of the stock is owned by insiders.

A number of analysts recently commented on JBLU shares. Standpoint Research reaffirmed a “buy” rating on shares of JetBlue Airways Corporation in a research note on Sunday, September 3rd. Bank of America Corporation increased their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 30th. BidaskClub lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Cowen and Company increased their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. JetBlue Airways Corporation presently has a consensus rating of “Hold” and a consensus target price of $25.25.

Several other institutional investors and hedge funds also recently bought and sold shares of JBLU. Alliancebernstein L.P. boosted its stake in shares of JetBlue Airways Corporation by 1,135.5% during the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock valued at $66,837,000 after acquiring an additional 2,690,638 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of JetBlue Airways Corporation by 7.8% during the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock valued at $596,262,000 after acquiring an additional 2,085,912 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of JetBlue Airways Corporation by 2,465.3% during the first quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock valued at $36,587,000 after acquiring an additional 1,706,000 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of JetBlue Airways Corporation by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after acquiring an additional 1,410,594 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of JetBlue Airways Corporation by 35.0% during the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock valued at $84,649,000 after acquiring an additional 961,535 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of JetBlue Airways Corporation (JBLU) opened at 20.34 on Friday. The firm has a 50-day moving average price of $19.38 and a 200-day moving average price of $21.31. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 10.32 and a beta of 0.59. JetBlue Airways Corporation has a 52 week low of $16.85 and a 52 week high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. JetBlue Airways Corporation’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts expect that JetBlue Airways Corporation will post $1.78 earnings per share for the current fiscal year.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.00, for a total transaction of $112,640.00. Following the transaction, the director now directly owns 555,062 shares of the company’s stock, valued at $12,211,364. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.56, for a total value of $37,120.00. Following the transaction, the chief executive officer now directly owns 402,362 shares in the company, valued at $7,467,838.72. The disclosure for this sale can be found here. Insiders have sold 31,860 shares of company stock worth $646,973 over the last three months. 0.60% of the stock is owned by insiders.

A number of analysts recently commented on JBLU shares. Standpoint Research reaffirmed a “buy” rating on shares of JetBlue Airways Corporation in a research note on Sunday, September 3rd. Bank of America Corporation increased their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 30th. BidaskClub lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Cowen and Company increased their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. JetBlue Airways Corporation presently has a consensus rating of “Hold” and a consensus target price of $25.25.

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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.

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

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