RBF Capital LLC Sells 200,000 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

RBF Capital LLC reduced its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,000 shares of the transportation company's stock after selling 200,000 shares during the period. RBF Capital LLC owned approximately 0.13% of JetBlue Airways worth $3,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBLU. CIBC Asset Management Inc increased its position in JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after acquiring an additional 1,823 shares during the period. Xponance Inc. increased its holdings in shares of JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after purchasing an additional 2,095 shares during the period. Blue Trust Inc. raised its stake 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 valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in JetBlue Airways by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock worth $257,000 after purchasing an additional 2,666 shares during the period. Finally, Bogart Wealth LLC grew its position in 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. Institutional investors and hedge funds own 83.71% of the company's stock.

Wall Street Analyst Weigh In

JBLU has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and lowered their price objective for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Citigroup reduced their price objective on shares of JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a research report on Friday, April 11th. Raymond James raised 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. UBS Group cut their target price on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Finally, Bank of America reduced their target price on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Five investment 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.com, the stock has an average rating of "Hold" and a consensus target price of $5.09.

JetBlue Airways Stock Up 3.2 %

Shares of JBLU traded up $0.13 during midday trading on Monday, reaching $4.01. 16,986,033 shares of the stock were exchanged, compared to its average volume of 25,275,607. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -1.72 and a beta of 1.69. The firm has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $6.29. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31. 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 data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the previous year, the firm earned ($0.19) earnings per share. Research analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Activity at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company's stock, valued at $714,960.02. This represents a 608.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

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.