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

U S Global Investors Inc. decreased its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,010,140 shares of the transportation company's stock after selling 755,782 shares during the quarter. JetBlue Airways accounts for 2.6% of U S Global Investors Inc.'s portfolio, making the stock its 9th largest position. U S Global Investors Inc. owned about 1.13% of JetBlue Airways worth $19,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of JetBlue Airways by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company's stock valued at $254,749,000 after buying an additional 121,267 shares during the last quarter. FMR LLC grew its holdings in shares of JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after buying an additional 16,486,326 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of JetBlue Airways by 8.4% during the fourth quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company's stock valued at $68,948,000 after buying an additional 678,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of JetBlue Airways by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company's stock valued at $52,864,000 after buying an additional 1,063,929 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of JetBlue Airways by 60.8% during the fourth quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock valued at $40,897,000 after buying an additional 1,968,343 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on JBLU. Citigroup increased their price target 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. Susquehanna dropped their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Bank of America dropped their target price on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Raymond James Financial cut shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and dropped their target price for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.16.

JetBlue Airways Trading Up 1.7%

Shares of JetBlue Airways stock opened at $4.28 on Friday. The company's fifty day simple moving average is $4.62 and its 200-day simple moving average is $5.73. The stock has a market capitalization of $1.52 billion, a PE ratio of -5.22 and a beta of 1.83. JetBlue Airways Corporation has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.01 and a quick ratio of 0.97.

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

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