Liberty Mutual Group Asset Management Inc. lowered its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 24.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,152 shares of the transportation company’s stock after selling 20,342 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in JetBlue Airways were worth $1,283,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Focused Wealth Management Inc acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $189,000. First Dallas Securities Inc. acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $201,000. Envestnet Asset Management Inc. grew its stake in shares of JetBlue Airways by 60.7% during the first quarter. Envestnet Asset Management Inc. now owns 13,622 shares of the transportation company’s stock worth $277,000 after purchasing an additional 5,146 shares during the period. Unison Advisors LLC acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $290,000. Finally, BB&T Securities LLC grew its stake in shares of JetBlue Airways by 19.1% during the fourth 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. Institutional investors own 90.76% of the company’s stock.
In related news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $19.06, for a total transaction of $38,120.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP George Martin J. St sold 3,000 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $19.60, for a total value of $58,800.00. Following the sale, the executive vice president now owns 34,474 shares in the company, valued at approximately $675,690.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,805 shares of company stock worth $488,689. Corporate insiders own 0.63% of the company’s stock.
A number of equities research analysts recently commented on the company. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. Stephens reissued a “hold” rating and issued a $24.00 target price on shares of JetBlue Airways in a research note on Thursday, March 29th. Stifel Nicolaus reissued a “hold” rating and issued a $21.00 target price on shares of JetBlue Airways in a research note on Wednesday, April 25th. Morgan Stanley boosted their target price on JetBlue Airways from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, April 16th. Finally, ValuEngine cut JetBlue Airways from a “buy” rating to a “hold” rating in a research note on Monday, April 9th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.50.
Shares of JetBlue Airways traded up $0.05, reaching $19.04, during trading on Thursday, MarketBeat.com reports. The stock had a trading volume of 3,795,615 shares, compared to its average volume of 4,896,003. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.60 and a beta of 0.59. JetBlue Airways Co. has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.53 and a quick ratio of 0.53.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. JetBlue Airways had a return on equity of 13.10% and a net margin of 16.05%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. equities analysts expect that JetBlue Airways Co. will post 1.77 EPS for the current year.
JetBlue Airways 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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