California Public Employees Retirement System Decreases Holdings in JetBlue Airways Co. (JBLU)

California Public Employees Retirement System reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 854,654 shares of the transportation company’s stock after selling 45,065 shares during the quarter. California Public Employees Retirement System’s holdings in JetBlue Airways were worth $13,982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in JetBlue Airways by 2.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,877 shares of the transportation company’s stock valued at $522,000 after purchasing an additional 648 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in JetBlue Airways by 1.5% during the 1st quarter. Curbstone Financial Management Corp now owns 52,450 shares of the transportation company’s stock valued at $858,000 after purchasing an additional 800 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in JetBlue Airways by 13.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,145 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 830 shares in the last quarter. Macquarie Group Ltd. boosted its stake in JetBlue Airways by 0.8% during the 4th quarter. Macquarie Group Ltd. now owns 110,200 shares of the transportation company’s stock valued at $1,769,000 after purchasing an additional 900 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in JetBlue Airways by 1.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 59,200 shares of the transportation company’s stock valued at $951,000 after purchasing an additional 1,000 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction on Friday, May 10th. The stock was sold at an average price of $18.27, for a total transaction of $45,675.00. Following the transaction, the chief executive officer now owns 480,666 shares in the company, valued at $8,781,767.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 7,500 shares of company stock valued at $127,500 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JBLU opened at $17.57 on Tuesday. The firm has a market cap of $5.28 billion, a PE ratio of 11.34, a P/E/G ratio of 3.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.50. JetBlue Airways Co. has a fifty-two week low of $15.19 and a fifty-two week high of $20.14.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. Equities research analysts forecast that JetBlue Airways Co. will post 1.89 earnings per share for the current fiscal year.

JBLU has been the subject of several research reports. Zacks Investment Research raised JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine raised JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Imperial Capital reissued an “outperform” rating and set a $24.00 price objective (up from $23.00) on shares of JetBlue Airways in a research note on Wednesday, April 24th. Buckingham Research reduced their price objective on JetBlue Airways from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Finally, Cowen reissued a “market perform” rating and set a $19.00 price objective on shares of JetBlue Airways in a research note on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. JetBlue Airways presently has an average rating of “Hold” and an average target price of $19.52.

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JetBlue Airways Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 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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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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