Keybank National Association OH Sells 5,260 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

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Keybank National Association OH lessened its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,926 shares of the transportation company’s stock after selling 5,260 shares during the period. Keybank National Association OH’s holdings in JetBlue Airways were worth $1,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBLU. Investors Research Corp bought a new stake in shares of JetBlue Airways in the 1st quarter valued at about $25,000. Quantamental Technologies LLC bought a new stake in shares of JetBlue Airways during the 1st quarter valued at about $57,000. Steward Partners Investment Advisory LLC bought a new stake in shares of JetBlue Airways during the 2nd quarter valued at about $59,000. Barings LLC bought a new stake in shares of JetBlue Airways during the 1st quarter valued at about $177,000. Finally, Machina Capital S.A.S. boosted its position in shares of JetBlue Airways by 1,008.1% during the 2nd quarter. Machina Capital S.A.S. now owns 9,973 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 9,073 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Several equities research analysts recently commented on the company. ValuEngine lowered JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. TheStreet upgraded JetBlue Airways from a “c+” rating to a “b” rating in a research report on Tuesday, July 23rd. Buckingham Research upped their target price on JetBlue Airways from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Imperial Capital restated an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of JetBlue Airways in a research report on Thursday, June 20th. Finally, Vertical Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 target price on the stock in a research report on Friday, June 7th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.45.

In related news, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.27, for a total transaction of $48,175.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brandon Nelson sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $19.43, for a total value of $58,290.00. Following the completion of the sale, the senior vice president now directly owns 4,429 shares of the company’s stock, valued at $86,055.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,335 shares of company stock worth $270,990. 0.79% of the stock is owned by company insiders.

JBLU stock traded up $0.38 during trading on Friday, reaching $18.40. 2,576,200 shares of the stock were exchanged, compared to its average volume of 4,285,304. The firm’s 50 day moving average is $19.05 and its 200 day moving average is $17.92. JetBlue Airways Co. has a twelve month low of $15.19 and a twelve month high of $20.14. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5.34 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.39 and a beta of 0.90.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, analysts predict that JetBlue Airways Co. will post 2.03 earnings per share for the current fiscal year.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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