U S Global Investors Inc. Has $22.19 Million Stock Position in JetBlue Airways Corporation $JBLU

U S Global Investors Inc. trimmed its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,509,132 shares of the transportation company’s stock after selling 512,287 shares during the quarter. JetBlue Airways comprises about 2.5% of U S Global Investors Inc.’s holdings, making the stock its 7th largest position. U S Global Investors Inc.’s holdings in JetBlue Airways were worth $22,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of JetBlue Airways by 77.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 16,462 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 7,211 shares during the last quarter. Amundi raised its stake in JetBlue Airways by 962.8% in the first quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock valued at $7,659,000 after purchasing an additional 1,439,435 shares in the last quarter. AQR Capital Management LLC lifted its position in JetBlue Airways by 131.2% during the first quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after purchasing an additional 51,377 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in JetBlue Airways by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after purchasing an additional 8,053 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in JetBlue Airways by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock worth $23,085,000 after buying an additional 274,892 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

JBLU has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Citigroup assumed coverage on JetBlue Airways in a research report on Thursday, December 4th. They set a “sell” rating and a $4.10 price target on the stock. Susquehanna upped their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Morgan Stanley reduced their price objective on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Finally, TD Cowen boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, September 8th. Six investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, JetBlue Airways has an average rating of “Reduce” and a consensus target price of $5.04.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $4.59 on Friday. The firm has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $4.65. JetBlue Airways Corporation has a twelve month low of $3.34 and a twelve month high of $8.31. The company has a market capitalization of $1.67 billion, a PE ratio of -3.48 and a beta of 1.78. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 3.42.

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

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.