International Assets Investment Management LLC Cuts Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

International Assets Investment Management LLC decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 84.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,595 shares of the transportation company’s stock after selling 70,028 shares during the period. International Assets Investment Management LLC’s holdings in JetBlue Airways were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of JBLU. Smith Anglin Financial LLC raised its position 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 worth $91,000 after buying an additional 1,763 shares during the last quarter. Jeppson Wealth Management LLC increased its stake in shares of JetBlue Airways by 15.7% in the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock worth $90,000 after acquiring an additional 1,850 shares during the period. GAMMA Investing LLC raised its holdings in shares of JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares during the last quarter. Bogart Wealth LLC lifted its position in JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 4,000 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in JetBlue Airways in the third quarter valued at $28,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on JBLU shares. Barclays boosted their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group reissued a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Citigroup lifted their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Evercore ISI upped their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, Susquehanna raised their target price on JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.65.

JetBlue Airways Stock Up 2.1 %

Shares of NASDAQ JBLU opened at $7.69 on Wednesday. The stock has a fifty day moving average price of $6.95 and a 200 day moving average price of $6.31. The company has a market cap of $2.67 billion, a P/E ratio of -3.05 and a beta of 1.84. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.28. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.39) earnings per share. Research analysts anticipate that JetBlue Airways Co. will post -0.85 EPS for the current fiscal year.

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.