Cambridge Investment Research Advisors Inc. Sells 3,695 Shares of JetBlue Airways Co. (JBLU)

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Cambridge Investment Research Advisors Inc. reduced its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,565 shares of the transportation company’s stock after selling 3,695 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in JetBlue Airways were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JBLU. Private Capital Group LLC grew its position in shares of JetBlue Airways by 178.8% in the 1st quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock valued at $117,000 after buying an additional 3,707 shares during the last quarter. Cerebellum GP LLC boosted its stake in JetBlue Airways by 75.3% during the 2nd 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 stake in JetBlue Airways during the 2nd quarter worth $190,000. Envestnet Asset Management Inc. boosted its stake in JetBlue Airways by 60.7% during the 1st 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 stake in JetBlue Airways by 781.0% during the 1st 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. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Imperial Capital restated an “outperform” rating and issued a $26.00 target price on shares of JetBlue Airways in a research note on Monday, July 16th. They noted that the move was a valuation call. BidaskClub cut shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Bank of America set a $16.00 target price on shares of JetBlue Airways and gave the stock a “sell” rating in a research note on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. JetBlue Airways currently has a consensus rating of “Hold” and an average target price of $21.67.

In other news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction of $38,240.00. Following the completion of the sale, the chief executive officer now directly owns 436,803 shares in the company, valued at $8,351,673.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP George Martin J. St sold 3,000 shares of JetBlue Airways stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $19.39, for a total transaction of $58,170.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,000 shares of company stock valued at $248,150 over the last 90 days. 0.63% of the stock is currently owned by insiders.

Shares of NASDAQ JBLU traded up $0.15 during midday trading on Friday, hitting $16.36. The company had a trading volume of 7,414,409 shares, compared to its average volume of 4,890,528. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. JetBlue Airways Co. has a twelve month low of $16.03 and a twelve month high of $23.08. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts expect that JetBlue Airways Co. will post 1.48 EPS for the current fiscal year.

About JetBlue Airways

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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