Capital Fund Management S.A. Sells 287,309 Shares of 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. lessened its holdings in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 60.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vident Advisory LLC grew its position in JetBlue Airways by 10.9% in the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock valued at $182,000 after acquiring an additional 2,284 shares during the last quarter. Pinnacle Holdings LLC grew its holdings in shares of JetBlue Airways by 1.3% during the first quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company's stock worth $1,145,000 after purchasing an additional 3,113 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of JetBlue Airways by 15.0% during the first quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company's stock worth $122,000 after purchasing an additional 3,302 shares during the last quarter. Mariner LLC grew its holdings in shares of JetBlue Airways by 5.6% during the fourth quarter. Mariner LLC now owns 67,781 shares of the transportation company's stock worth $533,000 after purchasing an additional 3,575 shares during the last quarter. Finally, one8zero8 LLC grew its holdings in shares of JetBlue Airways by 26.4% during the first quarter. one8zero8 LLC now owns 31,600 shares of the transportation company's stock worth $152,000 after purchasing an additional 6,600 shares during the last quarter. Institutional investors own 83.71% of the company's stock.

JetBlue Airways Trading Up 1.3%

NASDAQ JBLU opened at $5.32 on Wednesday. The business's 50-day moving average price is $4.53 and its two-hundred day moving average price is $4.92. JetBlue Airways Corporation has a 12 month low of $3.34 and a 12 month high of $8.31. The firm has a market capitalization of $1.93 billion, a PE ratio of -4.84 and a beta of 1.80. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%.The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.26 billion. On average, analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JBLU. UBS Group set a $3.00 price target on JetBlue Airways and gave the stock a "sell" rating in a report on Monday, July 7th. Wall Street Zen upgraded JetBlue Airways to a "sell" rating in a report on Thursday, May 15th. Barclays restated an "underweight" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Citigroup set a $5.00 price target on JetBlue Airways and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Finally, Susquehanna reiterated a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, JetBlue Airways has a consensus rating of "Reduce" 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.

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