American Century Companies Inc. reduced its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 98.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,293 shares of the transportation company’s stock after selling 698,097 shares during the period. American Century Companies Inc.’s holdings in JetBlue Airways were worth $265,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its holdings in shares of JetBlue Airways by 1,135.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after acquiring an additional 2,690,638 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of JetBlue Airways by 68.9% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock worth $66,719,000 after acquiring an additional 1,468,416 shares during the period. Prudential Financial Inc. lifted its holdings in shares of JetBlue Airways by 135.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after acquiring an additional 1,410,594 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of JetBlue Airways by 35.0% during the 2nd quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock worth $84,649,000 after acquiring an additional 961,535 shares during the period. Finally, Bank of Nova Scotia purchased a new position in shares of JetBlue Airways during the 2nd quarter worth about $21,689,000. 89.79% of the stock is currently owned by institutional investors.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.45, for a total value of $94,464.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James G. Hnat sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total transaction of $42,100.00. The disclosure for this sale can be found here. Insiders sold 18,740 shares of company stock worth $355,144 in the last 90 days. 0.60% of the stock is currently owned by insiders.

JetBlue Airways Corporation (JBLU) opened at $21.31 on Friday. JetBlue Airways Corporation has a 1-year low of $18.05 and a 1-year high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $6,884.29, a P/E ratio of 11.07 and a beta of 0.67.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.58 earnings per share. JetBlue Airways’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities analysts expect that JetBlue Airways Corporation will post 1.74 EPS for the current fiscal year.

Several brokerages have recently weighed in on JBLU. Stephens began coverage on shares of JetBlue Airways in a report on Wednesday. They set an “equal weight” rating and a $22.00 price objective on the stock. BidaskClub lowered shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Friday, August 4th. ValuEngine upgraded shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co lowered shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.02.

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About JetBlue Airways

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 (NASDAQ:JBLU)

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