Moors & Cabot Inc. Reduces Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Moors & Cabot Inc. cut its stake in shares of JetBlue Airways Co. (NASDAQ:JBLUFree Report) by 20.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,925 shares of the transportation company’s stock after selling 4,700 shares during the quarter. Moors & Cabot Inc.’s holdings in JetBlue Airways were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. U S Global Investors Inc. lifted its holdings in JetBlue Airways by 12.4% in the 3rd quarter. U S Global Investors Inc. now owns 7,877,417 shares of the transportation company’s stock worth $36,236,000 after buying an additional 866,863 shares during the period. Quantbot Technologies LP lifted its holdings in JetBlue Airways by 173.7% in the 3rd quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company’s stock worth $749,000 after buying an additional 103,384 shares during the period. Highland Capital Management LLC purchased a new stake in JetBlue Airways in the 2nd quarter worth approximately $113,000. California Public Employees Retirement System lifted its holdings in JetBlue Airways by 29.7% in the 3rd quarter. California Public Employees Retirement System now owns 577,857 shares of the transportation company’s stock worth $2,658,000 after buying an additional 132,404 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in JetBlue Airways in the 2nd quarter worth approximately $189,000. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Susquehanna lowered their target price on JetBlue Airways from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Bank of America lowered JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $6.00 to $3.00 in a research report on Tuesday, January 9th. Finally, BNP Paribas lowered JetBlue Airways from a “neutral” rating to an “underperform” rating and set a $3.00 price objective for the company. in a research report on Friday, November 10th. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, JetBlue Airways presently has an average rating of “Reduce” and a consensus price target of $4.96.

Read Our Latest Report on JBLU

JetBlue Airways Trading Down 5.3 %

JetBlue Airways stock opened at $5.67 on Thursday. The stock has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $5.26. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.53 and a quick ratio of 0.50.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last posted its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. JetBlue Airways had a negative return on equity of 4.38% and a negative net margin of 3.23%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. As a group, analysts expect that JetBlue Airways Co. will post -0.59 EPS for the current year.

JetBlue Airways Company Profile

(Free Report)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Further Reading

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

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