Quantbot Technologies LP Sells 781,291 Shares of JetBlue Airways Corporation $JBLU

Quantbot Technologies LP lessened its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 69.8% in the second quarter, Holdings Channel.com reports. The firm owned 337,808 shares of the transportation company’s stock after selling 781,291 shares during the period. Quantbot Technologies LP’s holdings in JetBlue Airways were worth $1,429,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. U S Global Investors Inc. increased its holdings in JetBlue Airways by 25.2% during the second quarter. U S Global Investors Inc. now owns 5,021,419 shares of the transportation company’s stock worth $21,241,000 after buying an additional 1,011,279 shares during the last quarter. Amundi lifted its holdings in JetBlue Airways by 962.8% during the 1st quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock worth $7,659,000 after purchasing an additional 1,439,435 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of JetBlue Airways by 85.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,560,958 shares of the transportation company’s stock valued at $7,524,000 after acquiring an additional 717,230 shares in the last quarter. Public Sector Pension Investment Board grew its position in JetBlue Airways by 29.7% during the first quarter. Public Sector Pension Investment Board now owns 964,256 shares of the transportation company’s stock worth $4,648,000 after buying an additional 221,036 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of JetBlue Airways in the first quarter worth $6,130,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $4.79 on Monday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market capitalization of $1.74 billion, a P/E ratio of -3.63 and a beta of 1.76. JetBlue Airways Corporation has a one year low of $3.34 and a one year high of $8.31. The business has a fifty day moving average price of $4.49 and a 200-day moving average price of $4.67.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm posted ($0.16) earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities research analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on JBLU. UBS Group boosted their target price on JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research note on Friday, September 5th. Citigroup assumed coverage on JetBlue Airways in a research report on Thursday. They set a “sell” rating and a $4.10 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th. TD Cowen lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Monday, September 8th. Finally, Susquehanna increased their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Six research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, JetBlue Airways presently has a consensus rating of “Reduce” and a consensus price target of $5.15.

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.