Amalgamated Bank Has $617,000 Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Amalgamated Bank lessened its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,312 shares of the transportation company’s stock after selling 2,699 shares during the quarter. Amalgamated Bank’s holdings in JetBlue Airways were worth $617,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sage Rhino Capital LLC raised its stake 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 valued at $121,000 after acquiring an additional 1,788 shares during the period. PDS Planning Inc lifted its stake in shares of JetBlue Airways by 18.2% during the 1st quarter. PDS Planning Inc now owns 13,947 shares of the transportation company’s stock worth $103,000 after buying an additional 2,148 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of JetBlue Airways by 3.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock worth $324,000 after buying an additional 2,178 shares during the period. GAMMA Investing LLC grew its stake in JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after buying an additional 2,377 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in JetBlue Airways by 31.6% in the 1st quarter. EP Wealth Advisors LLC now owns 13,548 shares of the transportation company’s stock valued at $101,000 after acquiring an additional 3,255 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JBLU stock opened at $6.42 on Friday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -2.60 and a beta of 1.90. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. The company has a 50 day simple moving average of $5.50 and a 200 day simple moving average of $5.95. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $7.58.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. JetBlue Airways’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. Research analysts anticipate that JetBlue Airways Co. will post -1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America upgraded 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 research report on Monday, September 9th. TD Cowen upped their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup upped their price target on shares of JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

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.