Chesley Taft & Associates LLC Lowers Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Chesley Taft & Associates LLC reduced its position in JetBlue Airways Co. (NASDAQ:JBLU) by 39.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,052 shares of the transportation company’s stock after selling 13,950 shares during the quarter. Chesley Taft & Associates LLC’s holdings in JetBlue Airways were worth $138,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of JetBlue Airways by 0.9% in the first quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock valued at $277,336,000 after acquiring an additional 317,263 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after purchasing an additional 521,767 shares during the period. Donald Smith & CO. Inc. boosted its holdings in JetBlue Airways by 6.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after purchasing an additional 805,404 shares in the last quarter. American Century Companies Inc. increased its position in JetBlue Airways by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of JetBlue Airways by 715.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after buying an additional 1,430,622 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $7.07 on Wednesday. The company has a market cap of $2.40 billion, a P/E ratio of -2.86 and a beta of 1.92. The business has a fifty day simple moving average of $5.61 and a 200-day simple moving average of $5.92. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $7.65. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.86.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Equities research analysts forecast that JetBlue Airways Co. will post -1 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Evercore ISI lifted their price target on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Citigroup increased their price target on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, TD Cowen boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, JetBlue Airways currently has an average rating of “Hold” and an average price target of $5.70.

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.