Tiaa Fsb lowered its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 88.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,070 shares of the transportation company’s stock after selling 210,358 shares during the period. Tiaa Fsb’s holdings in JetBlue Airways were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in JBLU. Frontier Capital Management Co. LLC boosted its holdings in JetBlue Airways by 47.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock worth $118,251,000 after buying an additional 1,692,657 shares in the last quarter. Bank of Nova Scotia purchased a new stake in JetBlue Airways during the second quarter worth about $21,689,000. Disciplined Growth Investors Inc. MN boosted its holdings in JetBlue Airways by 22.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 4,860,896 shares of the transportation company’s stock worth $90,072,000 after buying an additional 899,775 shares in the last quarter. Systematic Financial Management LP boosted its holdings in JetBlue Airways by 208.3% during the third quarter. Systematic Financial Management LP now owns 1,024,200 shares of the transportation company’s stock worth $18,978,000 after buying an additional 691,975 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new stake in JetBlue Airways during the third quarter worth about $9,264,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JetBlue Airways Co. (NASDAQ:JBLU) opened at $20.33 on Friday. JetBlue Airways Co. has a fifty-two week low of $18.05 and a fifty-two week high of $24.13. The stock has a market cap of $6,714.35, a PE ratio of 5.78 and a beta of 0.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.
JetBlue Airways declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 13th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
A number of analysts recently commented on the stock. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. ValuEngine raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Cowen reissued a “market perform” rating and set a $24.00 price objective (up previously from $22.00) on shares of JetBlue Airways in a report on Tuesday, December 12th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price objective (up previously from $20.00) on shares of JetBlue Airways in a report on Wednesday, January 10th. Finally, Bank of America downgraded shares of JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. JetBlue Airways presently has an average rating of “Hold” and an average price target of $24.32.
In other JetBlue Airways news, EVP James G. Hnat sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total value of $42,100.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP George Martin J. St sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.00, for a total transaction of $69,000.00. The disclosure for this sale can be found here. Insiders sold 20,545 shares of company stock worth $442,303 in the last ninety days. Insiders own 0.60% of the company’s stock.
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JetBlue Airways Company Profile
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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