Thrivent Financial for Lutherans Lowers Position in JetBlue Airways Co. (NASDAQ:JBLU)

Thrivent Financial for Lutherans cut its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,582 shares of the transportation company’s stock after selling 3,651 shares during the period. Thrivent Financial for Lutherans’ holdings in JetBlue Airways were worth $1,812,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP bought a new position in shares of JetBlue Airways during the fourth quarter valued at about $787,000. Maverick Capital Ltd. increased its stake in 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 buying an additional 141,605 shares during the last quarter. Empowered Funds LLC lifted its position in shares of JetBlue Airways by 8.3% during the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock worth $10,977,000 after buying an additional 107,293 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of JetBlue Airways during the 4th quarter worth approximately $421,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 worth $37,141,000 after buying an additional 663,865 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and decreased their target price for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. UBS Group cut their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Susquehanna decreased their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Citigroup lifted their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.33.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.21 on Friday. The company’s 50 day moving average is $6.40 and its 200-day moving average is $6.65. The firm has a market cap of $1.84 billion, a P/E ratio of -2.23 and a beta of 1.80. JetBlue Airways Co. has a 12-month low of $4.50 and a 12-month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period last year, the company earned ($0.19) earnings per share. Sell-side analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nik Mittal purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by insiders.

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.