UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in JetBlue Airways Corporation $JBLU

Key Points

• UBS Asset Management cut its JetBlue stake by 56.2% in the second quarter, selling 262,504 shares and retaining 204,192 shares worth approximately $1.17 million. Institutional investors collectively own 83.71% of JBLU.
• JetBlue reported stronger-than-expected quarterly results, with revenue of $2.70 billion and an adjusted loss of $0.66 per share, while raising its revenue outlook. However, it lowered capacity-growth guidance and faces pressure from higher fuel costs and operational disruptions.
• Analyst sentiment remains cautious: Barclays and UBS lowered their price targets to $5 and $4, respectively, while the stock carries a consensus “Reduce” rating and an average target of $5.41.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 56.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,192 shares of the transportation company's stock after selling 262,504 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.05% of JetBlue Airways worth $1,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JBLU. Rockefeller Capital Management L.P. grew its stake in JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company's stock valued at $25,000 after purchasing an additional 3,373 shares during the period. Trust Co. of Vermont bought a new stake in shares of JetBlue Airways during the 2nd quarter worth $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of JetBlue Airways in the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its position in JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company's stock valued at $29,000 after buying an additional 5,049 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in JetBlue Airways during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

Insider Activity at JetBlue Airways

In related news, CFO Ursula Hurley sold 77,253 shares of the firm's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the completion of the transaction, the chief financial officer directly owned 211,099 shares of the company's stock, valued at approximately $1,215,930.24. This trade represents a 26.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 81,253 shares of company stock worth $465,897. Corporate insiders own 2.41% of the company's stock.

JetBlue Airways News Roundup

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue raised its third-quarter revenue outlook and reported that travel demand remained strong, supporting expectations for continued passenger growth. JetBlue Raises Revenue Outlook Despite Cost Headwinds
• Positive Sentiment: JetBlue also raised its revenue per available seat mile outlook, indicating that pricing and passenger revenue trends are stronger than previously expected. JetBlue lowers Q3 capacity outlook but raises RASM outlook
• Neutral Sentiment: Barclays lowered its JBLU price target from $7 to $5 and maintained an “equal weight” rating. The new target still implies potential upside, but the reduction reflects more cautious expectations.
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day days-to-cover ratio, suggesting no meaningful short-selling signal; however, the figures appear inconsistent and may be unreliable.
• Negative Sentiment: JetBlue lowered its third-quarter capacity-growth forecast to 1.5%-3.5%, from 3%-6%, citing summer disruptions and unfavorable weather. Slower capacity growth could limit revenue opportunities. JetBlue Cuts Capacity-Growth Outlook
• Negative Sentiment: The airline increased its third-quarter fuel-price forecast as geopolitical tensions, including the Iran war, keep fuel costs elevated. Higher fuel expense is likely to pressure margins despite strong demand. JetBlue raises third-quarter fuel price forecast
• Negative Sentiment: UBS cut its price target from $5 to $4 and assigned a “sell” rating, signaling concern that rising costs and operational challenges could outweigh the stronger revenue outlook.

JetBlue Airways Trading Up 0.2%

Shares of JetBlue Airways stock opened at $4.40 on Friday. JetBlue Airways Corporation has a 52-week low of $3.87 and a 52-week high of $6.62. The stock's 50-day simple moving average is $5.34 and its 200 day simple moving average is $5.12. The stock has a market capitalization of $1.66 billion, a P/E ratio of -1.84 and a beta of 1.70. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.63 and a current ratio of 0.70.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, topping analysts' consensus estimates of ($0.69) by $0.03. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) earnings per share. As a group, research analysts anticipate that JetBlue Airways Corporation will post -2.33 EPS for the current year.

Analysts Set New Price Targets

JBLU has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of JetBlue Airways from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Friday. Seaport Research Partners downgraded shares of JetBlue Airways from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Raymond James Financial restated an "underperform" rating on shares of JetBlue Airways in a research note on Monday, July 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JetBlue Airways in a report on Friday, July 17th. Finally, Wall Street Zen downgraded JetBlue Airways from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 22nd. Seven equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $5.41.

About JetBlue Airways

JetBlue Airways Corporation NASDAQ: JBLU is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America, Canada and select destinations in Europe. The company serves leisure and business travelers through a network connecting major cities, focus cities and vacation destinations.

JetBlue offers several travel products and services, including standard economy seating, premium Mint service on select routes, and EvenMore seating with additional legroom and other benefits.

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