Assenagon Asset Management S.A. Sells 140,078 Shares of JetBlue Airways Corporation (NASDAQ:JBLU)

Assenagon Asset Management S.A. trimmed its position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 41.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,997 shares of the transportation company's stock after selling 140,078 shares during the quarter. Assenagon Asset Management S.A. owned about 0.05% of JetBlue Airways worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways in the fourth quarter worth $40,000. Patriot Financial Group Insurance Agency LLC bought a new position in JetBlue Airways in the 1st quarter worth approximately $53,000. Strategic Investment Solutions Inc. IL increased its position in JetBlue Airways by 1,769.4% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company's stock worth $73,000 after buying an additional 8,847 shares during the period. Sterling Capital Management LLC increased its position in JetBlue Airways by 833.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,843 shares of the transportation company's stock worth $77,000 after buying an additional 8,788 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new position in JetBlue Airways in the 4th quarter worth approximately $79,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on JBLU shares. Raymond James Financial downgraded JetBlue Airways from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Barclays decreased their price objective on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Citigroup lifted their price objective on JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. UBS Group decreased their price objective on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Finally, Susquehanna decreased their price objective on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.16.

JetBlue Airways Price Performance

JBLU stock traded down $0.09 during midday trading on Friday, reaching $4.01. 17,955,528 shares of the company's stock traded hands, compared to its average volume of 21,184,784. The company has a 50-day simple moving average of $4.55 and a two-hundred day simple moving average of $5.83. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -4.89 and a beta of 1.83. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative return on equity of 11.93% and a negative net margin of 3.12%. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period last year, the firm posted ($0.43) EPS. The business's revenue was down 3.1% on a year-over-year basis. On average, analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current year.

JetBlue Airways 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.