JetBlue Airways Co. (NASDAQ:JBLU) Position Lessened by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 482,006 shares of the transportation company’s stock after selling 23,166 shares during the period. California State Teachers Retirement System owned 0.16% of JetBlue Airways worth $7,886,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of JetBlue Airways by 819.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,563 shares of the transportation company’s stock worth $25,000 after acquiring an additional 1,393 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in JetBlue Airways during the 1st quarter valued at about $25,000. Investors Research Corp purchased a new stake in JetBlue Airways during the 1st quarter valued at about $25,000. First Command Bank purchased a new stake in JetBlue Airways during the 1st quarter valued at about $35,000. Finally, KBC Group NV grew its position in JetBlue Airways by 88.2% during the 4th quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 1,037 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

JBLU has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. BidaskClub downgraded shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Imperial Capital reissued an “outperform” rating and issued a $23.00 price objective (down previously from $25.00) on shares of JetBlue Airways in a report on Friday, March 8th. Susquehanna Bancshares started coverage on shares of JetBlue Airways in a report on Tuesday, May 28th. They issued a “positive” rating and a $22.00 price objective on the stock. Finally, ValuEngine raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $20.02.

In related news, EVP George Martin J. St sold 1,500 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $17.63, for a total value of $26,445.00. Following the completion of the transaction, the executive vice president now owns 45,227 shares of the company’s stock, valued at $797,352.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,500 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $16.81, for a total value of $42,025.00. Following the completion of the transaction, the chief executive officer now directly owns 453,076 shares of the company’s stock, valued at approximately $7,616,207.56. The disclosure for this sale can be found here. Insiders sold 9,000 shares of company stock valued at $160,220 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Shares of JBLU stock traded up $0.09 on Monday, hitting $18.58. The stock had a trading volume of 2,962,500 shares, compared to its average volume of 4,635,673. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.53. The business has a 50 day moving average price of $18.19. The company has a market capitalization of $5.56 billion, a P/E ratio of 11.99 and a beta of 0.90. JetBlue Airways Co. has a one year low of $15.19 and a one year high of $20.14.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.16%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts predict that JetBlue Airways Co. will post 1.92 earnings per share for the current fiscal year.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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