JetBlue Airways Corporation (NASDAQ:JBLU) Stake Reduced by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 95.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,669 shares of the transportation company's stock after selling 1,405,393 shares during the quarter. SG Americas Securities LLC's holdings in JetBlue Airways were worth $312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC acquired a new position in JetBlue Airways during the first quarter worth about $53,000. GAMMA Investing LLC raised its position in shares of JetBlue Airways by 164.9% during the 1st quarter. GAMMA Investing LLC now owns 22,124 shares of the transportation company's stock worth $107,000 after purchasing an additional 13,771 shares during the last quarter. Forum Financial Management LP acquired a new position in shares of JetBlue Airways during the 4th quarter worth approximately $111,000. Neo Ivy Capital Management purchased a new stake in JetBlue Airways in the 4th quarter valued at approximately $2,130,000. Finally, Vise Technologies Inc. purchased a new stake in JetBlue Airways in the 4th quarter valued at approximately $89,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JBLU. UBS Group cut their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a report on Monday, April 7th. Wall Street Zen raised shares of JetBlue Airways to a "sell" rating in a research note on Thursday, May 15th. Bank of America decreased their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. Susquehanna lowered their price target on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Barclays reduced their price objective on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, JetBlue Airways presently has an average rating of "Hold" and an average target price of $5.16.

JetBlue Airways Trading Down 1.2%

NASDAQ:JBLU traded down $0.05 during trading hours on Monday, reaching $4.23. 13,166,070 shares of the company were exchanged, compared to its average volume of 21,449,436. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -5.16 and a beta of 1.83. The stock has a 50 day simple moving average of $4.62 and a 200 day simple moving average of $5.71. JetBlue Airways Corporation has a 52-week low of $3.34 and a 52-week 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 released its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 3.12% and a negative return on equity of 11.93%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned ($0.43) earnings per share. The business's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, analysts predict that JetBlue Airways Corporation will post -0.69 EPS 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.