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

Stifel Financial Corp lowered its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 49.8% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC lifted its holdings in JetBlue Airways by 11.7% in the fourth quarter. MetLife Investment Management LLC now owns 187,968 shares of the transportation company's stock valued at $1,477,000 after buying an additional 19,694 shares during the period. First Trust Advisors LP bought a new position in shares of JetBlue Airways in the 4th quarter worth about $103,000. Forum Financial Management LP acquired a new position in shares of JetBlue Airways in the 4th quarter valued at about $111,000. Canada Pension Plan Investment Board bought a new stake in shares of JetBlue Airways during the 4th quarter valued at about $3,415,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in JetBlue Airways by 1,769.4% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company's stock worth $73,000 after purchasing an additional 8,847 shares during the period. 83.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the business'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 sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JBLU. Citigroup increased their price target on JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a report on Monday. Barclays cut their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Susquehanna decreased their price target on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price objective on the stock in a research report on Monday, April 7th. Finally, UBS Group decreased their target price on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research report on Monday, April 7th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.16.

JetBlue Airways Stock Up 7.4 %

NASDAQ:JBLU traded up $0.33 during trading hours on Thursday, hitting $4.79. 38,781,944 shares of the company traded hands, compared to its average volume of 19,426,142. The firm's 50-day simple moving average is $4.73 and its 200-day simple moving average is $6.15. The company has a market cap of $1.70 billion, a PE ratio of -2.05 and a beta of 1.79. 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 Co. has a one year low of $3.34 and a one year high of $8.31.

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

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.