California State Teachers Retirement System Sells 16,223 Shares of JetBlue Airways Co. (JBLU)

California State Teachers Retirement System lowered its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 3.0% during the 1st quarter, Holdings Channel reports. The firm owned 531,806 shares of the transportation company’s stock after selling 16,223 shares during the quarter. California State Teachers Retirement System’s holdings in JetBlue Airways were worth $10,806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focused Wealth Management Inc acquired a new position in shares of JetBlue Airways in the 4th quarter worth approximately $189,000. Envestnet Asset Management Inc. increased its position in shares of JetBlue Airways by 60.7% in the first quarter. Envestnet Asset Management Inc. now owns 13,622 shares of the transportation company’s stock worth $277,000 after acquiring an additional 5,146 shares in the last quarter. Delpha Capital Management LLC increased its position in shares of JetBlue Airways by 781.0% in the first quarter. Delpha Capital Management LLC now owns 13,911 shares of the transportation company’s stock worth $283,000 after acquiring an additional 12,332 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of JetBlue Airways in the first quarter worth approximately $340,000. Finally, BB&T Securities LLC increased its position in shares of JetBlue Airways by 19.1% in the fourth quarter. BB&T Securities LLC now owns 16,337 shares of the transportation company’s stock worth $364,000 after acquiring an additional 2,623 shares in the last quarter. 90.70% of the stock is currently owned by institutional investors.

In related news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $20.32, for a total transaction of $40,640.00. Following the transaction, the chief executive officer now directly owns 426,069 shares of the company’s stock, valued at $8,657,722.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP George Martin J. St sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $19.60, for a total transaction of $58,800.00. Following the transaction, the executive vice president now directly owns 34,474 shares in the company, valued at $675,690.40. The disclosure for this sale can be found here. Insiders have sold 25,805 shares of company stock worth $488,689 over the last ninety days. 0.63% of the stock is currently owned by insiders.

Several research firms have recently weighed in on JBLU. Stephens reissued a “hold” rating and issued a $24.00 target price on shares of JetBlue Airways in a research report on Thursday, March 29th. ValuEngine downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Morgan Stanley dropped their target price on shares of JetBlue Airways from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 12th. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Friday, March 16th. Finally, Citigroup dropped their target price on shares of JetBlue Airways from $23.00 to $21.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 29th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.50.

Shares of JetBlue Airways opened at $18.79 on Tuesday, according to MarketBeat Ratings. JetBlue Airways Co. has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a market cap of $6.01 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.62 and a beta of 0.59. 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 Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. JetBlue Airways had a net margin of 16.05% and a return on equity of 13.10%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. equities research analysts predict that JetBlue Airways Co. will post 1.71 EPS for the current year.

JetBlue Airways 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 Airways (NASDAQ:JBLU)

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