Ameriprise Financial Inc. Sells 67,301 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Ameriprise Financial Inc. reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,110 shares of the transportation company's stock after selling 67,301 shares during the period. Ameriprise Financial Inc. owned about 0.19% of JetBlue Airways worth $5,251,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in JBLU. CIBC Asset Management Inc grew its stake in JetBlue Airways by 6.4% in the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after purchasing an additional 1,823 shares in the last quarter. Xponance Inc. boosted its holdings in shares of JetBlue Airways by 10.2% in the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after buying an additional 2,095 shares during the last quarter. Blue Trust Inc. grew its stake in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in JetBlue Airways by 8.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock worth $257,000 after buying an additional 2,666 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after buying an additional 2,850 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Price Performance

JetBlue Airways stock traded down $0.14 during mid-day trading on Thursday, reaching $5.09. 15,396,038 shares of the company were exchanged, compared to its average volume of 20,268,286. The company has a fifty day simple moving average of $4.48 and a 200-day simple moving average of $5.99. The firm has a market cap of $1.80 billion, a PE ratio of -2.17 and a beta of 1.79. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways Co. has a 12 month low of $3.34 and a 12 month high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. JetBlue Airways's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. As a group, equities research analysts expect that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JBLU. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and cut their price target for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. UBS Group cut their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research note on Monday, April 7th. Wall Street Zen raised JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Barclays dropped their price objective on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup lifted their target price on JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $5.16.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.