Caisse DE Depot ET Placement DU Quebec reduced its position in JetBlue Airways Co. (NASDAQ:JBLU) by 82.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the transportation company’s stock after selling 330,000 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in JetBlue Airways were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its stake in shares of JetBlue Airways by 7.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 38,260 shares of the transportation company’s stock worth $855,000 after buying an additional 2,775 shares during the last quarter. Oakbrook Investments LLC raised its holdings in JetBlue Airways by 15.4% in the 4th quarter. Oakbrook Investments LLC now owns 22,080 shares of the transportation company’s stock worth $493,000 after purchasing an additional 2,950 shares during the period. First Mercantile Trust Co. raised its holdings in JetBlue Airways 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. First Allied Advisory Services Inc. raised its holdings in JetBlue Airways by 9.1% in the 4th quarter. First Allied Advisory Services Inc. now owns 49,601 shares of the transportation company’s stock worth $1,100,000 after purchasing an additional 4,155 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in JetBlue Airways by 82.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock worth $232,000 after purchasing an additional 4,801 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.
JBLU has been the topic of a number of recent research reports. ValuEngine raised JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Bank of America cut JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Tuesday, January 9th. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. JPMorgan Chase raised JetBlue Airways from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Tuesday, January 30th. Finally, Wolfe Research raised JetBlue Airways from an “underperform” rating to a “market perform” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.48.
In other news, EVP George Martin J. St sold 3,000 shares of JetBlue Airways stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.00, for a total value of $69,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 5,000 shares of JetBlue Airways stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.84, for a total value of $104,200.00. Following the completion of the sale, the executive vice president now directly owns 9,555 shares in the company, valued at $199,126.20. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock worth $365,420 over the last ninety days. Insiders own 0.60% of the company’s stock.
NASDAQ:JBLU traded down $0.69 on Friday, reaching $19.95. 5,721,977 shares of the company’s stock traded hands, compared to its average volume of 5,076,643. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6,554.62, a PE ratio of 11.67, a P/E/G ratio of 0.59 and a beta of 0.55. JetBlue Airways Co. has a 12 month low of $18.05 and a 12 month high of $24.13.
JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. JetBlue Airways had a net margin of 16.35% and a return on equity of 13.57%. JetBlue Airways’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. sell-side analysts anticipate that JetBlue Airways Co. will post 1.92 earnings per share for the current fiscal year.
JetBlue Airways declared that its board has approved a stock buyback program on Wednesday, December 13th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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JetBlue Airways Company 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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