JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 393,606 shares of the transportation company’s stock after selling 6,100 shares during the period. New York State Teachers Retirement System’s holdings in JetBlue Airways were worth $2,582,000 as of its most recent filing with the Securities & Exchange Commission.

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

JetBlue Airways Stock Down 1.8 %

NASDAQ JBLU opened at $6.05 on Friday. JetBlue Airways Co. has a one year low of $3.76 and a one year high of $8.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The business has a fifty day moving average price of $6.29 and a 200 day moving average price of $5.89. The company has a market cap of $2.10 billion, a P/E ratio of -2.40 and a beta of 1.92.

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 the consensus estimate 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 firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted ($0.39) earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts anticipate that JetBlue Airways Co. will post -0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

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

JetBlue Airways 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.