Flagship Harbor Advisors LLC lowered its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) by 57.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,541 shares of the transportation company's stock after selling 15,750 shares during the period. Flagship Harbor Advisors LLC's holdings in JetBlue Airways were worth $97,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in JetBlue Airways by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,275,634 shares of the transportation company's stock worth $437,671,000 after purchasing an additional 379,060 shares during the period. State Street Corp boosted its holdings in JetBlue Airways by 5.7% in the first quarter. State Street Corp now owns 9,284,127 shares of the transportation company's stock worth $138,798,000 after acquiring an additional 499,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in JetBlue Airways by 35.3% in the first quarter. Dimensional Fund Advisors LP now owns 9,074,312 shares of the transportation company's stock worth $135,659,000 after acquiring an additional 2,366,863 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings in JetBlue Airways by 8.8% in the first quarter. Donald Smith & CO. Inc. now owns 8,030,450 shares of the transportation company's stock worth $120,055,000 after acquiring an additional 647,816 shares in the last quarter. Finally, U S Global Investors Inc. boosted its holdings in JetBlue Airways by 3.0% in the first quarter. U S Global Investors Inc. now owns 6,983,054 shares of the transportation company's stock worth $104,397,000 after acquiring an additional 204,820 shares in the last quarter. Institutional investors and hedge funds own 72.18% of the company's stock.
Get JetBlue Airways alerts:JetBlue Airways Stock Performance
Shares of JetBlue Airways stock opened at $6.91 on Friday. The business's fifty day simple moving average is $8.25 and its 200 day simple moving average is $10.09. The firm has a market capitalization of $2.22 billion, a P/E ratio of -5.04 and a beta of 1.47. JetBlue Airways Co. has a 12 month low of $6.75 and a 12 month high of $16.65. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 0.98.
JetBlue Airways (NASDAQ:JBLU – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The transportation company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.36). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.46 billion. JetBlue Airways had a negative return on equity of 15.20% and a negative net margin of 5.53%. The business's revenue was up 63.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.64) earnings per share. As a group, analysts anticipate that JetBlue Airways Co. will post -0.89 EPS for the current year.Wall Street Analyst Weigh In
Several research analysts have issued reports on JBLU shares. Susquehanna Bancshares lowered JetBlue Airways from a "positive" rating to a "neutral" rating and cut their price target for the stock from $14.00 to $9.00 in a report on Tuesday, July 12th. Susquehanna lowered JetBlue Airways from a "positive" rating to a "neutral" rating and cut their price target for the stock from $14.00 to $9.00 in a report on Tuesday, July 12th. Bank of America began coverage on JetBlue Airways in a report on Thursday, August 4th. They issued a "neutral" rating and a $10.00 price target on the stock. Cowen dropped their target price on JetBlue Airways to $10.00 in a report on Tuesday, August 9th. Finally, Evercore ISI dropped their target price on JetBlue Airways to $8.00 in a report on Tuesday, August 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of "Hold" and an average price target of $13.61.
JetBlue Airways Company Profile
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JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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