JetBlue (JBLU) Holdings Trimmed by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. trimmed its holdings in JetBlue (NASDAQ:JBLU) by 24.4% in the 1st quarter, HoldingsChannel.com reports. The firm 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 were worth $1,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Palisade Capital Management LLC NJ boosted its position in shares of JetBlue by 57.7% during the 1st quarter. Palisade Capital Management LLC NJ now owns 20,500 shares of the transportation company’s stock valued at $417,000 after acquiring an additional 7,500 shares during the last quarter. Federated Investors Inc. PA boosted its position in shares of JetBlue by 3.6% during the 1st quarter. Federated Investors Inc. PA now owns 503,443 shares of the transportation company’s stock valued at $10,230,000 after acquiring an additional 17,664 shares during the last quarter. BlackRock Inc. boosted its position in shares of JetBlue by 1.4% during the 1st quarter. BlackRock Inc. now owns 26,206,220 shares of the transportation company’s stock valued at $532,510,000 after acquiring an additional 373,481 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of JetBlue by 60.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 13,622 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 5,146 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of JetBlue by 9.7% during the 1st quarter. US Bancorp DE now owns 35,143 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 3,096 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

JBLU has been the subject of a number of research reports. ValuEngine upgraded JetBlue from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Morgan Stanley increased their target price on JetBlue from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. JPMorgan Chase upgraded JetBlue from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a research report on Tuesday, January 30th. Cowen reiterated a “market perform” rating and set a $23.00 target price (down from $24.00) on shares of JetBlue in a research report on Friday, January 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $21.00 target price on shares of JetBlue in a research report on Wednesday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.09.

In related news, VP Alexander Chatkewitz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $22.58, for a total value of $67,740.00. Following the completion of the sale, the vice president now directly owns 3,096 shares in the company, valued at $69,907.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $19.11, for a total value of $38,220.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $247,500. 0.63% of the stock is owned by corporate insiders.

Shares of JBLU opened at $18.89 on Wednesday. The firm has a market capitalization of $6.07 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.59 and a beta of 0.57. JetBlue has a 52-week low of $18.05 and a 52-week high of $24.13. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.19.

JetBlue (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $1.75 billion during 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%. JetBlue’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. sell-side analysts anticipate that JetBlue will post 1.81 earnings per share for the current fiscal year.

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

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