Patriot Financial Group Insurance Agency LLC Lowers Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Patriot Financial Group Insurance Agency LLC decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 35.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,707 shares of the transportation company’s stock after selling 7,693 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in JetBlue Airways were worth $90,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JBLU. Smith Anglin Financial LLC increased its stake in JetBlue Airways by 14.6% in the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after purchasing an additional 1,763 shares during the period. Sage Rhino Capital LLC increased 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 valued at $121,000 after acquiring an additional 1,788 shares during the period. PDS Planning Inc increased its position in JetBlue Airways by 18.2% in the 1st quarter. PDS Planning Inc now owns 13,947 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 2,148 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 acquiring an additional 2,993 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in JetBlue Airways by 31.6% during the 1st quarter. EP Wealth Advisors LLC now owns 13,548 shares of the transportation company’s stock worth $101,000 after acquiring an additional 3,255 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JBLU stock opened at $5.63 on Thursday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -2.28 and a beta of 1.92. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The firm has a 50 day moving average of $6.16 and a 200-day moving average of $5.92. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. JetBlue Airways’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.39) earnings per share. As a group, equities analysts expect that JetBlue Airways Co. will post -0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JBLU shares. Evercore ISI boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Friday, October 11th. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $3.00 to $6.00 in a report on Monday, September 9th. Citigroup boosted their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna raised their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Four 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.98.

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.