JetBlue Airways (NASDAQ:JBLU) Cut to Hold at Seaport Res Ptn

Seaport Res Ptn cut shares of JetBlue Airways (NASDAQ:JBLU) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other analysts have also recently issued reports on the company. Evercore ISI upped their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Citigroup increased their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Bank of America restated an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $6.69.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $6.32 on Tuesday. The stock has a market cap of $2.19 billion, a P/E ratio of -2.51 and a beta of 1.84. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The stock’s fifty day moving average is $7.18 and its 200 day moving average is $6.43. JetBlue Airways has a one year low of $4.49 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same period in the prior year, the business earned ($0.19) EPS. Sell-side analysts anticipate that JetBlue Airways will post -0.81 earnings per share for the current year.

Institutional Trading of JetBlue Airways

A number of hedge funds and other institutional investors have recently made changes to their positions in JBLU. Maverick Capital Ltd. grew its stake in shares of JetBlue Airways by 136.1% in the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock valued at $1,612,000 after purchasing an additional 141,605 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of JetBlue Airways by 56.7% during the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock worth $6,054,000 after purchasing an additional 334,032 shares during the period. Jade Capital Advisors LLC grew its position in JetBlue Airways by 800.0% in the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock valued at $2,952,000 after buying an additional 400,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after buying an additional 663,865 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new position in JetBlue Airways during the 3rd quarter worth $794,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Company 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.