JetBlue Airways Corporation $JBLU Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in JetBlue Airways by 4.6%, owning approximately 3,060,034 shares valued at $14.7 million at the end of the recent quarter.
• The stock price of JetBlue Airways was down 0.7%, with a current trading price of $5.45 and a market cap of $1.98 billion.
• JetBlue reported a loss of $0.16 per share in its latest quarterly earnings, surpassing analyst expectations of a greater loss.

Northern Trust Corp reduced its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,060,034 shares of the transportation company's stock after selling 149,220 shares during the period. Northern Trust Corp owned approximately 0.86% of JetBlue Airways worth $14,749,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Nomura Holdings Inc. lifted its position in JetBlue Airways by 3,729.9% during the 4th quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company's stock worth $27,009,000 after acquiring an additional 3,346,482 shares during the period. Voloridge Investment Management LLC raised its stake in shares of JetBlue Airways by 60.8% in the fourth quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock worth $40,897,000 after purchasing an additional 1,968,343 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of JetBlue Airways during the fourth quarter worth about $10,852,000. Prentice Capital Management LP increased its holdings in JetBlue Airways by 1,329.0% in the 4th quarter. Prentice Capital Management LP now owns 1,433,316 shares of the transportation company's stock worth $11,266,000 after buying an additional 1,333,016 shares during the period. Finally, Nuveen LLC acquired a new stake in JetBlue Airways during the 1st quarter valued at approximately $6,130,000. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Down 0.7%

JBLU stock opened at $5.45 on Thursday. The stock has a market cap of $1.98 billion, a P/E ratio of -4.95 and a beta of 1.81. 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 Corporation has a twelve month low of $3.34 and a twelve month high of $8.31. The company's 50 day moving average is $4.68 and its two-hundred day moving average is $4.88.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JBLU. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Raymond James Financial downgraded JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, UBS Group set a $3.00 price objective on JetBlue Airways and gave the stock a "sell" rating in a research note on Monday, July 7th. Eight analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average 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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