Assenagon Asset Management S.A. Cuts Stock Holdings in JetBlue Airways Corporation $JBLU

Key Points

• Assenagon Asset Management cut its JetBlue stake by 90.9% in the second quarter, selling 1.5 million shares and retaining 150,794 shares valued at approximately $864,000.
• Analyst sentiment remains negative: JetBlue has an average “Reduce” rating, with six analysts rating it a Sell and a consensus price target of $5.40. Company insiders also sold 111,253 shares worth about $629,597 over the past 90 days.
• JetBlue’s latest quarterly loss of $0.66 per share was slightly better than expectations, while revenue rose 14.5% year over year to $2.70 billion. However, the airline continues to face negative profitability, high leverage, and projected annual losses.

Assenagon Asset Management S.A. decreased its position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 90.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,794 shares of the transportation company's stock after selling 1,500,000 shares during the quarter. Assenagon Asset Management S.A.'s holdings in JetBlue Airways were worth $864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its position in shares of JetBlue Airways by 509.5% during the 1st quarter. Quantinno Capital Management LP now owns 649,600 shares of the transportation company's stock valued at $2,871,000 after buying an additional 543,017 shares during the last quarter. U S Global Investors Inc. increased its holdings in JetBlue Airways by 4.9% in the 4th quarter. U S Global Investors Inc. now owns 4,728,754 shares of the transportation company's stock worth $21,516,000 after acquiring an additional 219,622 shares during the last quarter. Renaissance Technologies LLC raised its stake in JetBlue Airways by 235.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company's stock valued at $9,928,000 after acquiring an additional 1,577,500 shares during the period. Virtu Financial LLC bought a new stake in JetBlue Airways in the 4th quarter valued at about $1,333,000. Finally, Wesbanco Bank Inc. raised its stake in JetBlue Airways by 80.0% in the 4th quarter. Wesbanco Bank Inc. now owns 270,000 shares of the transportation company's stock valued at $1,228,000 after acquiring an additional 120,000 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JBLU shares. Raymond James Financial reiterated an "underperform" rating on shares of JetBlue Airways in a research note on Monday, July 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JetBlue Airways in a report on Friday, July 17th. Susquehanna increased their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Tuesday, July 7th. Citigroup downgraded shares of JetBlue Airways from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $6.60 to $5.30 in a report on Friday, August 7th. Finally, BMO Capital Markets raised their price objective on shares of JetBlue Airways from $6.00 to $6.75 and gave the company a "market perform" rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, JetBlue Airways currently has an average rating of "Reduce" and a consensus target price of $5.40.

Insider Buying and Selling

In other news, Director Vivek Sharma sold 32,000 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $5.41, for a total value of $173,120.00. Following the completion of the sale, the director directly owned 35,479 shares in the company, valued at approximately $191,941.39. The trade was a 47.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ursula L. Hurley sold 77,253 shares of JetBlue Airways stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total transaction of $444,977.28. Following the completion of the transaction, the chief financial officer owned 211,099 shares in the company, valued at approximately $1,215,930.24. The trade was a 26.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 111,253 shares of company stock valued at $629,597. Company insiders own 2.41% of the company's stock.

JetBlue Airways Trading Down 2.6%

NASDAQ JBLU opened at $5.65 on Friday. The stock's 50-day simple moving average is $5.63 and its two-hundred day simple moving average is $5.25. JetBlue Airways Corporation has a twelve month low of $3.87 and a twelve month high of $6.62. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -2.36 and a beta of 1.74.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $0.03. The firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The company's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.21) EPS. Research analysts forecast that JetBlue Airways Corporation will post -2.21 EPS for the current fiscal year.

Key Stories Impacting JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: Some earnings estimates improved: Zacks Research raised its FY2026 EPS forecast to a loss of $2.46 from a loss of $3.57, while its Q3 and Q4 2026 loss estimates improved to $0.57 and $0.35 per share, respectively. The firm also increased its FY2028 EPS forecast to $0.76 from $0.49, suggesting analysts see a path toward eventual profitability. MarketBeat analyst estimates
• Positive Sentiment: Operational leadership consolidation: JetBlue promoted Jeffrey Winter to senior vice president overseeing flight operations, inflight experience and technical operations. Bringing three major operating groups under one executive could improve coordination, reliability and cost discipline. JetBlue operational leadership announcement
• Neutral Sentiment: Recent rally faces a credibility test: JBLU has gained 22.2% over the past three months, supported by stronger revenue trends and favorable estimate revisions. However, the stock’s ability to extend that rally depends on whether JetBlue can convert revenue growth into sustainable profits. Zacks JetBlue rally analysis
• Negative Sentiment: Several forward estimates were reduced: Zacks cut its FY2027 EPS forecast to a loss of $0.35 from $0.21, lowered Q1 2027 EPS to a loss of $0.34, and reduced Q3 2027 and Q4 2027 estimates to $0.06 and a loss of $0.10, respectively. These revisions point to a slower recovery than previously expected.
• Negative Sentiment: Profitability and balance-sheet concerns remain: JetBlue continues to face fuel-cost exposure, projected annual losses and substantial leverage, which could limit financial flexibility and weigh on the stock despite improving revenue trends.

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline's core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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