State of New Jersey Common Pension Fund D cut its holdings in shares of JetBlue (NASDAQ:JBLU) by 49.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 785,000 shares of the transportation company’s stock after selling 765,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.25% of JetBlue worth $15,951,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBLU. Focused Wealth Management Inc purchased a new position in JetBlue during the fourth quarter worth about $189,000. First Dallas Securities Inc. purchased a new position in shares of JetBlue in the 4th quarter worth about $201,000. Unison Advisors LLC purchased a new position in shares of JetBlue in the 4th quarter worth about $290,000. BB&T Securities LLC raised its holdings in shares of JetBlue by 19.1% in the 4th quarter. BB&T Securities LLC now owns 16,337 shares of the transportation company’s stock worth $364,000 after purchasing an additional 2,623 shares during the period. Finally, First Mercantile Trust Co. raised its holdings in shares of JetBlue by 18.4% in the 4th quarter. First Mercantile Trust Co. now owns 19,075 shares of the transportation company’s stock worth $426,000 after purchasing an additional 2,968 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.
A number of research firms have recently commented on JBLU. ValuEngine upgraded JetBlue from a “hold” rating to a “buy” rating in a report on Tuesday, May 1st. Stifel Nicolaus restated a “hold” rating and issued a $21.00 price objective on shares of JetBlue in a report on Wednesday, April 25th. BidaskClub upgraded JetBlue from a “sell” rating to a “hold” rating in a report on Friday, March 16th. Morgan Stanley raised their price objective on JetBlue from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, April 16th. Finally, Buckingham Research restated a “neutral” rating on shares of JetBlue in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. JetBlue has a consensus rating of “Hold” and an average target price of $24.09.
Shares of NASDAQ:JBLU opened at $19.04 on Friday. The stock has a market cap of $6.11 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.60 and a beta of 0.57. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. JetBlue has a one year low of $18.05 and a one year high of $24.13.
JetBlue (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 24th. The transportation company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. JetBlue had a return on equity of 13.10% and a net margin of 16.05%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. equities analysts forecast that JetBlue will post 1.81 earnings per share for the current year.
In related news, VP Alexander Chatkewitz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $22.58, for a total transaction of $67,740.00. Following the sale, the vice president now directly owns 3,096 shares in the company, valued at approximately $69,907.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $21.05, for a total value of $42,100.00. Following the sale, the chief executive officer now owns 428,069 shares in the company, valued at $9,010,852.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,000 shares of company stock worth $247,500. Company insiders own 0.63% of the company’s stock.
JetBlue Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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