Landscape Capital Management L.L.C. Sells 338,813 Shares of JetBlue Airways Corporation $JBLU

Landscape Capital Management L.L.C. cut its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 26.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 960,179 shares of the transportation company’s stock after selling 338,813 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.26% of JetBlue Airways worth $4,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JBLU. CWM LLC raised its position in shares of JetBlue Airways by 3.2% during the third quarter. CWM LLC now owns 78,200 shares of the transportation company’s stock valued at $385,000 after buying an additional 2,394 shares during the last quarter. Cetera Investment Advisers increased its stake in JetBlue Airways by 10.7% during the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,954 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in JetBlue Airways by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 78,237 shares of the transportation company’s stock valued at $331,000 after acquiring an additional 5,588 shares in the last quarter. Osaic Holdings Inc. raised its holdings in JetBlue Airways by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 104,341 shares of the transportation company’s stock valued at $441,000 after acquiring an additional 5,631 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of JetBlue Airways by 10.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 73,178 shares of the transportation company’s stock worth $310,000 after acquiring an additional 6,957 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

JBLU stock traded down $0.00 during trading on Friday, hitting $4.16. 4,010,469 shares of the stock traded hands, compared to its average volume of 20,173,713. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -2.48 and a beta of 1.72. JetBlue Airways Corporation has a one year low of $3.34 and a one year high of $6.50. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 3.65. The company has a 50 day simple moving average of $5.31 and a 200 day simple moving average of $4.93.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.04). JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted ($0.21) earnings per share. JetBlue Airways’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JBLU shares. Susquehanna lifted their price objective on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. TD Cowen raised JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Citigroup upgraded shares of JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 price target on the stock in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a report on Thursday, January 22nd. Finally, Morgan Stanley dropped their price objective on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JetBlue Airways has an average rating of “Reduce” and an average target price of $5.02.

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.