Stifel Financial Corp Sells 261,403 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Stifel Financial Corp cut its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,621 shares of the transportation company's stock after selling 261,403 shares during the period. Stifel Financial Corp owned 0.08% of JetBlue Airways worth $2,072,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after acquiring an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of JetBlue Airways during the 4th quarter valued at about $40,000. Bogart Wealth LLC grew its position in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after purchasing an additional 2,850 shares in the last quarter. R Squared Ltd bought a new stake in shares of JetBlue Airways in the fourth quarter worth about $58,000. Finally, GAMMA Investing LLC lifted its position in shares of JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after buying an additional 3,857 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Up 1.9 %

Shares of NASDAQ JBLU traded up $0.09 during midday trading on Friday, hitting $4.88. The company's stock had a trading volume of 16,640,832 shares, compared to its average volume of 19,538,380. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The firm has a market cap of $1.73 billion, a P/E ratio of -2.09 and a beta of 1.79. The business's 50 day moving average is $4.67 and its two-hundred day moving average is $6.10.

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

Analyst Upgrades and Downgrades

JBLU has been the subject of several research analyst reports. Barclays cut their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and reduced their price target for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price objective for the company in a research note on Monday, April 7th. Susquehanna reduced their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.16.

Insider Buying and Selling at JetBlue Airways

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

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.