Vanguard Group Inc. Decreases Holdings in JetBlue Airways Corporation $JBLU

Key Points

• Vanguard Group Inc. reduced its holdings in JetBlue Airways by 2.2%, owning 31,682,216 shares worth approximately $152.7 million, following a sale of 728,556 shares in the first quarter.
• Despite some institutional investors increasing their stakes, JetBlue Airways stock has seen mixed ratings from analysts, with Barclays and UBS both issuing "sell" ratings.
• JetBlue reported a quarterly revenue of $2.36 billion and a narrower-than-expected loss per share of $0.16, beating analysts’ consensus estimate of $0.31 loss.

Vanguard Group Inc. trimmed its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,682,216 shares of the transportation company's stock after selling 728,556 shares during the period. Vanguard Group Inc. owned 8.94% of JetBlue Airways worth $152,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its holdings in JetBlue Airways by 2.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 2,512,920 shares of the transportation company's stock worth $19,752,000 after buying an additional 66,183 shares during the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of JetBlue Airways in the 4th quarter valued at about $6,621,000. Principal Financial Group Inc. lifted its holdings in shares of JetBlue Airways by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,512,443 shares of the transportation company's stock valued at $7,290,000 after purchasing an additional 64,847 shares during the last quarter. Prentice Capital Management LP lifted its holdings in shares of JetBlue Airways by 1,329.0% in the 4th quarter. Prentice Capital Management LP now owns 1,433,316 shares of the transportation company's stock valued at $11,266,000 after purchasing an additional 1,333,016 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of JetBlue Airways in the 4th quarter valued at about $2,130,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $5.14 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 3.21. The stock's 50-day moving average price is $4.47 and its 200 day moving average price is $4.96. JetBlue Airways Corporation has a 52-week low of $3.34 and a 52-week high of $8.31. The stock has a market capitalization of $1.87 billion, a PE ratio of -4.67 and a beta of 1.80.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JBLU shares. Barclays reissued an "underweight" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. UBS Group set a $3.00 target price on JetBlue Airways and gave the company a "sell" rating in a report on Monday, July 7th. Susquehanna reissued a "neutral" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Wall Street Zen raised JetBlue Airways to a "sell" rating in a report on Thursday, May 15th. Finally, Citigroup set a $5.00 target price on JetBlue Airways and gave the company a "neutral" rating in a report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, JetBlue Airways presently has an average rating of "Reduce" and an average price target of $5.16.

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.

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.