Great West Life Assurance Co. Can Decreases Holdings in JetBlue Airways Co. (JBLU)

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Great West Life Assurance Co. Can lessened its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 3.1% in the second quarter, HoldingsChannel.com reports. The firm owned 148,227 shares of the transportation company’s stock after selling 4,677 shares during the period. Great West Life Assurance Co. Can’s holdings in JetBlue Airways were worth $2,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in JBLU. Private Capital Group LLC boosted its holdings in JetBlue Airways by 178.8% in the first quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock worth $117,000 after purchasing an additional 3,707 shares during the period. Cerebellum GP LLC boosted its holdings in JetBlue Airways by 75.3% in the second quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock worth $180,000 after purchasing an additional 4,081 shares during the period. Lincoln National Corp acquired a new position in JetBlue Airways in the second quarter worth $190,000. Envestnet Asset Management Inc. boosted its holdings in 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 purchasing an additional 5,146 shares during the period. Finally, Delpha Capital Management LLC boosted its holdings in 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 purchasing an additional 12,332 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

JBLU has been the subject of a number of research reports. Zacks Investment Research downgraded shares of JetBlue Airways from a “hold” rating to a “strong sell” rating in a report on Monday, May 28th. Citigroup decreased their price objective on shares of JetBlue Airways from $23.00 to $21.50 and set a “neutral” rating for the company in a report on Tuesday, May 29th. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. ValuEngine downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Buckingham Research decreased their price objective on shares of JetBlue Airways from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, June 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.29.

In other news, EVP George Martin J. St sold 3,000 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $19.39, for a total transaction of $58,170.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $18.85, for a total transaction of $37,700.00. Following the completion of the sale, the chief executive officer now directly owns 440,803 shares of the company’s stock, valued at approximately $8,309,136.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,000 shares of company stock valued at $285,850. Corporate insiders own 0.63% of the company’s stock.

Shares of JBLU opened at $19.18 on Friday. JetBlue Airways Co. has a 1 year low of $17.10 and a 1 year high of $23.08. The firm has a market cap of $5.93 billion, a PE ratio of 11.22, a PEG ratio of 1.26 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.56.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. JetBlue Airways had a net margin of 11.30% and a return on equity of 10.80%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. analysts anticipate that JetBlue Airways Co. will post 1.47 earnings per share for the current year.

JetBlue Airways Company 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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