Capital Fund Management S.A. Decreases Holdings in JetBlue Airways Corporation $JBLU

Key Points

• Capital Fund Management S.A. sold 287,309 shares of JetBlue Airways, reducing its holdings by 60.9% to approximately 184,209 shares worth $888,000.
• Several institutional investors, including Vident Advisory LLC and one8zero8 LLC, have increased their stakes in JetBlue Airways, indicating ongoing interest from the investment community.
• JetBlue Airways recently reported earnings with -$0.16 EPS, beating forecasts of -$0.31 EPS, and generated $2.36 billion in revenue, surpassing analyst expectations of $2.26 billion.

Capital Fund Management S.A. trimmed its position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 60.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 184,209 shares of the transportation company's stock after selling 287,309 shares during the period. Capital Fund Management S.A. owned about 0.05% of JetBlue Airways worth $888,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JBLU. Patriot Financial Group Insurance Agency LLC bought a new stake in JetBlue Airways in the 1st quarter worth about $53,000. Teacher Retirement System of Texas bought a new stake in JetBlue Airways in the first quarter worth about $61,000. Caitong International Asset Management Co. Ltd raised its position in JetBlue Airways by 201.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 15,733 shares of the transportation company's stock worth $76,000 after acquiring an additional 10,519 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in JetBlue Airways in the first quarter worth about $78,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in JetBlue Airways in the fourth quarter worth about $79,000. 83.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Susquehanna reaffirmed a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Wall Street Zen raised shares of JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Finally, Raymond James Financial downgraded shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Eight research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $5.16.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU traded up $0.12 during midday trading on Monday, hitting $5.35. 8,840,294 shares of the company's stock were exchanged, compared to its average volume of 16,167,675. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $8.31. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -4.86 and a beta of 1.81. The business's fifty day moving average price is $4.63 and its two-hundred day moving average price is $4.87.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.15. The company had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. As a group, research analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal 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.