Sii Investments Inc. WI lowered its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,833 shares of the transportation company’s stock after selling 6,388 shares during the quarter. Sii Investments Inc. WI’s holdings in JetBlue Airways Corporation were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in JetBlue Airways Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock valued at $596,262,000 after purchasing an additional 2,085,912 shares during the last quarter. BlackRock Inc. raised its holdings in JetBlue Airways Corporation by 13,299.6% in the first quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock worth $564,889,000 after purchasing an additional 27,203,916 shares in the last quarter. FMR LLC raised its holdings in JetBlue Airways Corporation by 2.2% in the second quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock worth $435,484,000 after purchasing an additional 404,086 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in JetBlue Airways Corporation by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 11,035,605 shares of the transportation company’s stock worth $251,947,000 after purchasing an additional 230,067 shares in the last quarter. Finally, State Street Corp lifted its position in shares of JetBlue Airways Corporation by 2.6% during the first quarter. State Street Corp now owns 8,284,830 shares of the transportation company’s stock valued at $170,755,000 after buying an additional 212,600 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on JBLU shares. Zacks Investment Research cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Macquarie assumed coverage on shares of JetBlue Airways Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 price objective on the stock. Cowen and Company reiterated a “hold” rating and set a $21.00 price objective on shares of JetBlue Airways Corporation in a research note on Friday, September 8th. Standpoint Research reissued a “buy” rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. Finally, ValuEngine cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. JetBlue Airways Corporation has a consensus rating of “Hold” and an average price target of $25.40.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded down 0.86% during mid-day trading on Wednesday, reaching $19.65. The company’s stock had a trading volume of 3,320,387 shares. JetBlue Airways Corporation has a 52 week low of $16.85 and a 52 week high of $24.13. The company’s 50-day moving average is $19.46 and its 200-day moving average is $21.35. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 9.97 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. JetBlue Airways Corporation’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Equities analysts predict that JetBlue Airways Corporation will post $1.87 EPS for the current year.

In related news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.00, for a total transaction of $112,640.00. Following the completion of the transaction, the director now directly owns 555,062 shares in the company, valued at approximately $12,211,364. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total value of $44,060.00. Following the completion of the sale, the chief executive officer now directly owns 406,362 shares in the company, valued at approximately $8,952,154.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,740 shares of company stock worth $552,509. Company insiders own 0.60% of the company’s stock.

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JetBlue Airways Corporation Company Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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

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