Garrison Bradford & Associates Inc. decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 7.9% in the fourth quarter, HoldingsChannel reports. The firm owned 145,500 shares of the transportation company’s stock after selling 12,500 shares during the quarter. JetBlue Airways accounts for about 2.7% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 12th biggest position. Garrison Bradford & Associates Inc.’s holdings in JetBlue Airways were worth $3,250,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of JetBlue Airways by 8.8% in the 3rd quarter. Legal & General Group Plc now owns 260,874 shares of the transportation company’s stock worth $4,834,000 after purchasing an additional 21,209 shares in the last quarter. Palisade Capital Management LLC NJ increased its holdings in shares of JetBlue Airways by 34.4% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 21,500 shares of the transportation company’s stock worth $398,000 after purchasing an additional 5,500 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of JetBlue Airways by 50.9% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 68,200 shares of the transportation company’s stock worth $1,523,000 after purchasing an additional 23,000 shares in the last quarter. TIAA FSB increased its holdings in shares of JetBlue Airways by 26.1% in the 3rd quarter. TIAA FSB now owns 237,428 shares of the transportation company’s stock worth $4,400,000 after purchasing an additional 49,142 shares in the last quarter. Finally, Keybank National Association OH increased its holdings in shares of JetBlue Airways by 87.0% in the 3rd quarter. Keybank National Association OH now owns 17,200 shares of the transportation company’s stock worth $319,000 after purchasing an additional 8,000 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

In related news, EVP George Martin J. St sold 3,000 shares of JetBlue Airways stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $23.00, for a total transaction of $69,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.38, for a total value of $42,760.00. Following the transaction, the chief executive officer now owns 398,535 shares in the company, valued at $8,520,678.30. The disclosure for this sale can be found here. Insiders have sold 19,665 shares of company stock worth $412,388 over the last quarter. 0.60% of the stock is owned by company insiders.

A number of research firms have recently issued reports on JBLU. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price target (up from $20.00) on shares of JetBlue Airways in a research note on Wednesday, January 10th. BidaskClub downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Friday. Stephens began coverage on JetBlue Airways in a research note on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price target on the stock. JPMorgan Chase & Co. downgraded JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research note on Wednesday, November 1st. Finally, Cowen restated a “market perform” rating and issued a $24.00 price target (up from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.09.

JetBlue Airways Co. (NASDAQ JBLU) traded up $0.09 during mid-day trading on Friday, hitting $22.57. The stock had a trading volume of 3,150,000 shares, compared to its average volume of 4,490,000. The stock has a market cap of $7,240.00, a P/E ratio of 11.52 and a beta of 0.68. 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 Co. has a 52-week low of $18.05 and a 52-week high of $24.13.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. JetBlue Airways’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. sell-side analysts expect that JetBlue Airways Co. will post 1.76 earnings per share for the current year.

JetBlue Airways declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 13th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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JetBlue Airways 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 (NASDAQ:JBLU)

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