JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. lowered its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLUGet Rating) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,190,257 shares of the transportation company’s stock after selling 275,925 shares during the period. Capital Fund Management S.A. owned about 0.37% of JetBlue Airways worth $16,949,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBLU. Geneos Wealth Management Inc. raised its stake in JetBlue Airways by 148.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,093 shares of the transportation company’s stock worth $29,000 after purchasing an additional 1,250 shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in shares of JetBlue Airways during the 4th quarter valued at about $30,000. UMB Bank N A MO purchased a new stake in shares of JetBlue Airways during the 4th quarter worth approximately $32,000. Lazard Asset Management LLC bought a new position in shares of JetBlue Airways during the 4th quarter worth $53,000. Finally, Dark Forest Capital Management LP raised its stake in shares of JetBlue Airways by 4,859.2% in the third quarter. Dark Forest Capital Management LP now owns 3,521 shares of the transportation company’s stock worth $54,000 after purchasing an additional 3,450 shares during the last quarter. Hedge funds and other institutional investors own 78.26% of the company’s stock.

A number of research analysts have weighed in on JBLU shares. Morgan Stanley cut their target price on shares of JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Raymond James lowered shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. JPMorgan Chase & Co. downgraded shares of JetBlue Airways from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $24.00 to $12.00 in a report on Tuesday, April 26th. StockNews.com began coverage on shares of JetBlue Airways in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wolfe Research lowered shares of JetBlue Airways from a “peer perform” rating to an “underperform” rating in a report on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.46.

Shares of JetBlue Airways stock traded down $0.02 on Thursday, hitting $9.58. The stock had a trading volume of 11,615,257 shares, compared to its average volume of 10,066,228. JetBlue Airways Co. has a 52-week low of $9.22 and a 52-week high of $20.89. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -16.27 and a beta of 1.48. The company’s 50 day moving average price is $12.82 and its 200 day moving average price is $14.00. The company has a current ratio of 0.81, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99.

JetBlue Airways (NASDAQ:JBLUGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The transportation company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.05. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. JetBlue Airways had a negative net margin of 2.70% and a negative return on equity of 16.23%. The business’s quarterly revenue was up 136.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.48) earnings per share. Analysts predict that JetBlue Airways Co. will post -0.33 EPS for the current fiscal year.

About JetBlue Airways (Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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