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

SG Americas Securities LLC trimmed its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 95.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,669 shares of the transportation company's stock after selling 1,405,393 shares during the period. SG Americas Securities LLC's holdings in JetBlue Airways were worth $312,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of JetBlue Airways in the first quarter valued at approximately $53,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 13,771 shares during the period. Forum Financial Management LP bought a new stake in JetBlue Airways in the fourth quarter worth about $111,000. Neo Ivy Capital Management bought a new stake in JetBlue Airways in the fourth quarter worth about $2,130,000. Finally, Vise Technologies Inc. acquired a new stake in JetBlue Airways in the 4th quarter valued at about $89,000. 83.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBLU has been the topic of a number of research reports. UBS Group dropped their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Raymond James Financial cut JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Barclays cut their price objective on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a "buy" rating to a "hold" rating and decreased their target price for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Finally, Wall Street Zen raised JetBlue Airways to a "sell" rating in a report on Thursday, May 15th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, JetBlue Airways presently has an average rating of "Hold" and an average price target of $5.16.

JetBlue Airways Price Performance

JBLU stock opened at $4.21 on Friday. The company has a 50 day moving average of $4.60 and a two-hundred day moving average of $5.75. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -5.13 and a beta of 1.83. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $8.31. 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 posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. JetBlue Airways had a negative net margin of 3.12% and a negative return on equity of 11.93%. JetBlue Airways's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) earnings per share. On average, equities analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

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.

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