First Trust Advisors LP lessened its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 8.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,296,070 shares of the transportation company’s stock after selling 119,580 shares during the period. First Trust Advisors LP owned 0.39% of JetBlue Airways Corporation worth $24,016,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in shares of JetBlue Airways Corporation in the second quarter worth $162,000. IFP Advisors Inc raised its position in shares of JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after buying an additional 2,117 shares in the last quarter. Capital Management Associates NY purchased a new stake in shares of JetBlue Airways Corporation in the second quarter worth $203,000. Investment Centers of America Inc. purchased a new stake in shares of JetBlue Airways Corporation in the second quarter worth $205,000. Finally, Lincoln National Corp purchased a new stake in shares of JetBlue Airways Corporation in the second quarter worth $210,000. Institutional investors own 83.86% of the company’s stock.
In related news, EVP George Martin J. St sold 2,500 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $19.89, for a total transaction of $39,780.00. Following the completion of the sale, the chief executive officer now directly owns 404,362 shares in the company, valued at $8,042,760.18. The disclosure for this sale can be found here. Insiders have sold a total of 18,740 shares of company stock worth $358,393 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. J P Morgan Chase & Co downgraded JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research report on Wednesday. ValuEngine upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Morgan Stanley restated an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.02.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS.
About JetBlue Airways Corporation
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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