Gateway Investment Advisers LLC Has $4.50 Million Position in JetBlue Airways Co. (NASDAQ:JBLU)

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Gateway Investment Advisers LLC cut its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,838 shares of the transportation company’s stock after selling 818 shares during the quarter. Gateway Investment Advisers LLC’s holdings in JetBlue Airways were worth $4,503,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its position in shares of JetBlue Airways by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,310 shares of the transportation company’s stock valued at $634,000 after acquiring an additional 655 shares during the period. OLD National Bancorp IN lifted its position in shares of JetBlue Airways by 4.6% during the 2nd quarter. OLD National Bancorp IN now owns 15,850 shares of the transportation company’s stock valued at $293,000 after acquiring an additional 700 shares during the period. MML Investors Services LLC lifted its position in shares of JetBlue Airways by 2.2% during the 2nd quarter. MML Investors Services LLC now owns 32,545 shares of the transportation company’s stock valued at $602,000 after acquiring an additional 701 shares during the period. United Capital Financial Advisers LLC lifted its position in shares of JetBlue Airways by 2.9% during the 2nd quarter. United Capital Financial Advisers LLC now owns 31,063 shares of the transportation company’s stock valued at $574,000 after acquiring an additional 867 shares during the period. Finally, MetLife Investment Advisors LLC lifted its position in shares of JetBlue Airways by 0.5% during the 1st quarter. MetLife Investment Advisors LLC now owns 186,854 shares of the transportation company’s stock valued at $3,057,000 after acquiring an additional 1,006 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $16.62, for a total transaction of $41,550.00. Following the completion of the sale, the chief executive officer now owns 468,393 shares of the company’s stock, valued at $7,784,691.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP George Martin J. St sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $18.25, for a total value of $27,375.00. Following the sale, the executive vice president now directly owns 44,228 shares of the company’s stock, valued at approximately $807,161. The disclosure for this sale can be found here. Insiders have sold 14,335 shares of company stock valued at $262,095 in the last ninety days. 0.79% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the company. ValuEngine downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub upgraded JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 9th. Cowen dropped their price objective on JetBlue Airways from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. Zacks Investment Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, September 2nd. Finally, TheStreet downgraded JetBlue Airways from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.61.

NASDAQ JBLU opened at $17.06 on Friday. The business has a 50 day simple moving average of $16.87 and a 200 day simple moving average of $17.89. JetBlue Airways Co. has a one year low of $15.19 and a one year high of $19.83. The stock has a market capitalization of $5.08 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.52 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.48.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 23rd. The transportation company reported $0.60 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Equities analysts expect that JetBlue Airways Co. will post 1.9 earnings per share for the current year.

JetBlue Airways Profile

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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