Alaska Permanent Fund Corp Has $1.44 Million Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Alaska Permanent Fund Corp lowered its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 260,084 shares of the transportation company’s stock after selling 52,016 shares during the period. Alaska Permanent Fund Corp’s holdings in JetBlue Airways were worth $1,443,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of JetBlue Airways by 9.2% during the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after purchasing an additional 3,099,071 shares during the period. U S Global Investors Inc. lifted its holdings in shares of JetBlue Airways by 24.2% during the fourth quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after purchasing an additional 1,903,910 shares during the period. American Century Companies Inc. lifted its holdings in shares of JetBlue Airways by 49.6% during the third quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock worth $21,052,000 after purchasing an additional 1,518,328 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of JetBlue Airways by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,675,198 shares of the transportation company’s stock worth $16,906,000 after purchasing an additional 162,073 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of JetBlue Airways by 107.2% during the third quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock worth $15,925,000 after purchasing an additional 1,791,273 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and lifted their price target for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. UBS Group assumed coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price for the company. Evercore ISI lifted their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. lowered their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Bank of America downgraded shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.78.

JetBlue Airways Price Performance

NASDAQ:JBLU opened at $5.72 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a 50-day moving average of $6.89 and a 200-day moving average of $5.65. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.34) earnings per share. As a group, analysts anticipate that JetBlue Airways Co. will post -0.72 earnings per share for the current fiscal year.

JetBlue Airways Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.