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

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

Several other institutional investors and hedge funds have also modified their holdings of JBLU. Entropy Technologies LP bought a new position in shares of JetBlue Airways during the 4th quarter valued at approximately $787,000. FMR LLC lifted its stake in shares of JetBlue Airways by 14,595.7% during the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after buying an additional 16,486,326 shares in the last quarter. Raymond James Financial Inc. bought a new position in JetBlue Airways in the 4th quarter worth $1,796,000. Intech Investment Management LLC increased its stake in JetBlue Airways by 71.7% in the 4th quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company's stock worth $936,000 after buying an additional 49,712 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in JetBlue Airways in the 4th quarter worth $432,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JBLU. Bank of America dropped their price objective on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. UBS Group dropped their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and reduced their price objective for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Susquehanna dropped their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Wall Street Zen raised shares of JetBlue Airways to a "sell" rating in a research note on Thursday, May 15th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.16.

JetBlue Airways Price Performance

JetBlue Airways stock traded up $0.49 during mid-day trading on Tuesday, reaching $5.42. 33,516,773 shares of the company's stock traded hands, compared to its average volume of 20,223,679. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The stock has a 50 day moving average of $4.49 and a two-hundred day moving average of $6.00. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -2.32 and a beta of 1.79.

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

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.