Nisa Investment Advisors LLC Sells 20,598 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Nisa Investment Advisors LLC trimmed its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 39.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,030 shares of the transportation company’s stock after selling 20,598 shares during the period. Nisa Investment Advisors LLC’s holdings in JetBlue Airways were worth $210,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JBLU. Smith Anglin Financial LLC grew its stake in shares of JetBlue Airways by 14.6% in the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock worth $91,000 after acquiring an additional 1,763 shares during the period. Sage Rhino Capital LLC grew its position in JetBlue Airways by 9.9% in the 2nd quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock worth $121,000 after purchasing an additional 1,788 shares during the period. GAMMA Investing LLC raised its stake in JetBlue Airways by 79.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after buying an additional 2,993 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of JetBlue Airways by 31.6% during the 1st quarter. EP Wealth Advisors LLC now owns 13,548 shares of the transportation company’s stock valued at $101,000 after buying an additional 3,255 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of JetBlue Airways in the 1st quarter worth $25,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of recent research reports. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday. Evercore ISI increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Citigroup boosted their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their target price for the company from $3.00 to $6.00 in a report on Monday, September 9th. Finally, Susquehanna lifted their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, JetBlue Airways currently has an average rating of “Hold” and an average target price of $5.98.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU opened at $6.16 on Thursday. The stock has a market cap of $2.14 billion, a PE ratio of -2.44 and a beta of 1.92. JetBlue Airways Co. has a 1 year low of $3.76 and a 1 year high of $8.07. The firm has a fifty day moving average price of $6.27 and a 200-day moving average price of $5.89. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted ($0.39) EPS. JetBlue Airways’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts anticipate that JetBlue Airways Co. will post -0.94 earnings per share for the current fiscal year.

About JetBlue Airways

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.