Nomura Holdings Inc. Has $12.60 Million Stock Position in JetBlue Airways Corporation $JBLU

Key Points

• Nomura Holdings Inc. reduced its position in JetBlue Airways by 23.9%, now owning approximately $12.6 million worth of shares after selling 822,194 shares.
• Other institutional investors, such as American Century and Charles Schwab, have also increased their holdings in JetBlue Airways, indicating significant interest from large investors.
• JetBlue recently reported earnings of ($0.16) per share, which surpassed analyst expectations, with a revenue of $2.36 billion for the quarter.

Nomura Holdings Inc. reduced its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 23.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,614,008 shares of the transportation company's stock after selling 822,194 shares during the period. Nomura Holdings Inc. owned 0.74% of JetBlue Airways worth $12,600,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of JetBlue Airways by 7.8% during the first quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company's stock valued at $45,587,000 after purchasing an additional 685,880 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,964,013 shares of the transportation company's stock valued at $33,567,000 after purchasing an additional 238,342 shares in the last quarter. Voloridge Investment Management LLC lifted its position 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 purchasing an additional 1,968,343 shares in the last quarter. Invesco Ltd. lifted its position in shares of JetBlue Airways by 0.8% during the first quarter. Invesco Ltd. now owns 4,100,391 shares of the transportation company's stock valued at $19,764,000 after purchasing an additional 31,281 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of JetBlue Airways by 55.7% during the first quarter. Jump Financial LLC now owns 3,461,848 shares of the transportation company's stock valued at $16,686,000 after purchasing an additional 1,238,494 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $5.35 on Monday. The firm's 50-day simple moving average is $4.60 and its two-hundred day simple moving average is $4.88. 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 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -4.86 and a beta of 1.81.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.26 billion. As a group, equities analysts forecast that JetBlue Airways Corporation will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JBLU shares. UBS Group set a $3.00 price target on shares of JetBlue Airways and gave the company a "sell" rating in a research report on Monday, July 7th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Raymond James Financial lowered shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Finally, Susquehanna reaffirmed a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Eight research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $5.16.

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.

Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Corporation (NASDAQ:JBLU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.