Tudor Investment Corp ET AL Has $662,000 Position in JetBlue Airways Co. (NASDAQ:JBLU)

Tudor Investment Corp ET AL decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 91.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,211 shares of the transportation company's stock after selling 847,172 shares during the period. Tudor Investment Corp ET AL's holdings in JetBlue Airways were worth $662,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after purchasing an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $40,000. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after buying an additional 2,850 shares in the last quarter. R Squared Ltd bought a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $58,000. Finally, GAMMA Investing LLC grew its stake in shares of JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock valued at $66,000 after buying an additional 3,857 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Stock Performance

Shares of JBLU stock traded down $0.03 during trading hours on Monday, reaching $4.86. 33,200,097 shares of the company's stock were exchanged, compared to its average volume of 26,326,955. JetBlue Airways Co. has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The stock has a market capitalization of $1.72 billion, a P/E ratio of -2.07 and a beta of 1.79. The business has a fifty day moving average price of $4.67 and a 200-day moving average price of $6.10. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned ($0.43) earnings per share. The company's quarterly revenue was down 3.1% compared to the same quarter last year. Analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JBLU shares. Citigroup boosted their price target on JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Barclays lowered their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Bank of America lowered their price target on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a "buy" rating to a "hold" rating and lowered their price target for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, UBS Group lowered their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research note on Monday, April 7th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.16.

Insider Transactions at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.18% of the company's stock.

JetBlue Airways Company 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.