JetBlue Airways Corporation (NASDAQ:JBLU) Position Lowered by U S Global Investors Inc.

U S Global Investors Inc. decreased its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,010,140 shares of the transportation company's stock after selling 755,782 shares during the period. JetBlue Airways comprises approximately 2.6% of U S Global Investors Inc.'s investment portfolio, making the stock its 9th largest holding. U S Global Investors Inc. owned approximately 1.13% of JetBlue Airways worth $19,329,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund boosted its stake in shares of JetBlue Airways by 40.1% in the first quarter. Illinois Municipal Retirement Fund now owns 176,876 shares of the transportation company's stock worth $853,000 after acquiring an additional 50,606 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in JetBlue Airways during the 1st quarter worth $53,000. GAMMA Investing LLC grew its holdings in shares of JetBlue Airways by 164.9% during the first quarter. GAMMA Investing LLC now owns 22,124 shares of the transportation company's stock worth $107,000 after buying an additional 13,771 shares in the last quarter. Forum Financial Management LP acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at about $111,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at about $2,130,000. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Trading Up 3.5%

Shares of NASDAQ JBLU traded up $0.15 during trading on Tuesday, reaching $4.38. The stock had a trading volume of 17,941,133 shares, compared to its average volume of 21,435,482. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market cap of $1.55 billion, a P/E ratio of -5.34 and a beta of 1.83. JetBlue Airways Corporation has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The business's 50-day moving average price is $4.63 and its 200-day moving average price is $5.69.

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

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday, May 5th. UBS Group reduced their price objective on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Barclays dropped their target price on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Bank of America reduced their price target on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Finally, Susquehanna lowered their price target on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.16.

About JetBlue Airways

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.