State of Alaska Department of Revenue Decreases Position in JetBlue Airways Co. (NASDAQ:JBLU)

State of Alaska Department of Revenue decreased its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 14.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,213 shares of the transportation company’s stock after selling 29,487 shares during the quarter. State of Alaska Department of Revenue’s holdings in JetBlue Airways were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in JBLU. Smith Anglin Financial LLC boosted its stake in JetBlue Airways by 14.6% during the 3rd 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 last quarter. Sage Rhino Capital LLC lifted its holdings in shares of JetBlue Airways by 9.9% during the second quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,788 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of JetBlue Airways by 79.2% during the second 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 boosted its position in shares of JetBlue Airways by 31.6% during the first 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 last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in JetBlue Airways in the 1st quarter worth about $25,000. Institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JBLU. Citigroup raised their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Susquehanna raised their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Friday, October 11th. TD Cowen raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Evercore ISI upped their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.98.

JetBlue Airways Stock Down 1.0 %

JBLU stock opened at $5.71 on Tuesday. The business’s 50-day moving average price is $6.22 and its 200-day moving average price is $5.89. The stock has a market cap of $1.98 billion, a P/E ratio of -2.27 and a beta of 1.92. The company has a quick ratio of 0.50, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways Co. has a twelve month low of $3.76 and a twelve month high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted ($0.39) earnings per share. The company’s revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that JetBlue Airways Co. will post -0.96 EPS for the current year.

JetBlue Airways Company Profile

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.