Mutual of America Capital Management LLC decreased its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 75.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 58,404 shares of the transportation company's stock after selling 179,871 shares during the period. Mutual of America Capital Management LLC's holdings in JetBlue Airways were worth $269,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in JBLU. Performa Ltd US LLC raised its stake in shares of JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company's stock worth $26,000 after purchasing an additional 2,800 shares in the last quarter. Signaturefd LLC raised its stake in shares of JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company's stock worth $30,000 after purchasing an additional 2,751 shares in the last quarter. Quarry LP bought a new stake in shares of JetBlue Airways during the 1st quarter worth approximately $32,000. Neo Ivy Capital Management bought a new stake in shares of JetBlue Airways during the 2nd quarter worth approximately $33,000. Finally, Compass Wealth Management LLC bought a new stake in shares of JetBlue Airways during the 4th quarter worth approximately $35,000. Institutional investors own 74.82% of the company's stock.
JetBlue Airways Stock Performance
Shares of NASDAQ JBLU opened at $6.41 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The stock's fifty day moving average price is $5.71 and its two-hundred day moving average price is $5.22. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $9.45. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -6.82 and a beta of 1.80.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the firm posted $0.22 EPS. The company's revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts forecast that JetBlue Airways Co. will post -0.72 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on JBLU. Susquehanna dropped their price objective on JetBlue Airways from $5.00 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 1st. Bank of America lowered JetBlue Airways from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. BNP Paribas lowered JetBlue Airways from a "neutral" rating to an "underperform" rating and set a $3.00 target price on the stock. in a report on Friday, November 10th. Finally, Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a "hold" rating to a "buy" rating and boosted their target price for the stock from $4.00 to $9.00 in a report on Tuesday. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.54.
Get Our Latest Report on JetBlue Airways
JetBlue Airways Company Profile
(
Free Report)
JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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