JetBlue Airways Corporation (JBLU) Shares Sold by Comerica Bank
Comerica Bank trimmed its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 1.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 258,408 shares of the transportation company’s stock after selling 3,210 shares during the quarter. Comerica Bank owned about 0.08% of JetBlue Airways Corporation worth $4,894,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after buying an additional 2,117 shares during the last quarter. Capital Management Associates NY bought a new position in shares of JetBlue Airways Corporation in the second quarter valued at about $203,000. Investment Centers of America Inc. bought a new position in shares of JetBlue Airways Corporation in the second quarter valued at about $205,000. Keybank National Association OH bought a new position in shares of JetBlue Airways Corporation in the second quarter valued at about $210,000. Finally, Lincoln National Corp bought a new position in shares of JetBlue Airways Corporation in the second quarter valued at about $210,000. 89.73% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.89, for a total value of $39,780.00. Following the completion of the transaction, the chief executive officer now directly owns 404,362 shares in the company, valued at approximately $8,042,760.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,860 shares of company stock valued at $474,419 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
JetBlue Airways Corporation (NASDAQ JBLU) opened at $19.90 on Thursday. The stock has a market capitalization of $6,406.52, a PE ratio of 10.30 and a beta of 0.65. JetBlue Airways Corporation has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. equities research analysts predict that JetBlue Airways Corporation will post 1.75 earnings per share for the current fiscal year.
A number of analysts recently commented on the company. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. ValuEngine upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research report on Wednesday, November 1st. Zacks Investment Research upgraded JetBlue Airways Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Cowen and Company reiterated a “hold” rating and issued a $21.00 price objective on shares of JetBlue Airways Corporation in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. JetBlue Airways Corporation currently has a consensus rating of “Hold” and a consensus price target of $25.25.
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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