Advisor Group Inc. lowered its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,621 shares of the transportation company’s stock after selling 2,262 shares during the period. Advisor Group Inc.’s holdings in JetBlue Airways Corporation were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. World Asset Management Inc raised its holdings in shares of JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 155 shares during the last quarter. M&T Bank Corp raised its holdings in shares of JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 181 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the last quarter. Capstone Asset Management Co. raised its holdings in shares of JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after purchasing an additional 360 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of JetBlue Airways Corporation by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 18,497 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

Several brokerages have recently commented on JBLU. Morgan Stanley lowered their target price on shares of JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Standpoint Research reiterated a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. BidaskClub downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, July 12th. Finally, Cowen and Company reiterated a “hold” rating and issued a $21.00 target price on shares of JetBlue Airways Corporation in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.17.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/09/advisor-group-inc-has-457000-stake-in-jetblue-airways-corporation-jblu.html.

In other news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.45, for a total transaction of $94,464.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total transaction of $131,880.00. Following the sale, the executive vice president now directly owns 25,992 shares of the company’s stock, valued at approximately $571,304.16. The disclosure for this sale can be found here. In the last three months, insiders sold 31,860 shares of company stock valued at $646,973. 0.60% of the stock is owned by insiders.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at 19.64 on Monday. The stock has a market cap of $6.46 billion, a P/E ratio of 9.97 and a beta of 0.59. The company’s 50-day moving average is $19.29 and its 200-day moving average is $21.32. JetBlue Airways Corporation has a 12-month low of $16.85 and a 12-month high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. JetBlue Airways Corporation’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that JetBlue Airways Corporation will post $1.85 earnings per share for the current year.

About JetBlue Airways Corporation

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.

Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Corporation (NASDAQ:JBLU).

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

Receive News & Stock Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related stocks with our FREE daily email newsletter.