Cerity Partners LLC Reduces Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Cerity Partners LLC decreased its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 70.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,141 shares of the transportation company’s stock after selling 35,513 shares during the quarter. Cerity Partners LLC’s holdings in JetBlue Airways were worth $84,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carr Financial Group Corp purchased a new position in shares of JetBlue Airways during the 4th quarter worth $69,000. Sequoia Financial Advisors LLC boosted its holdings in JetBlue Airways by 23.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 3,368 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $58,000. Nisa Investment Advisors LLC increased its holdings in shares of JetBlue Airways by 8,576.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 43,380 shares of the transportation company’s stock worth $241,000 after buying an additional 42,880 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at approximately $121,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Ratings Changes

JBLU has been the subject of several analyst reports. Susquehanna increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Barclays initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and increased their target price for the stock from $4.00 to $9.00 in a research note on Tuesday, February 20th. Evercore ISI boosted their price target on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $6.00 to $3.00 in a research report on Tuesday, January 9th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and an average price target of $5.78.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $5.68 on Wednesday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -2.30 and a beta of 1.86. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.78. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $9.45. The company has a fifty day simple moving average of $6.81 and a two-hundred day simple moving average of $5.69.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. JetBlue Airways’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.34) EPS. As a group, equities analysts anticipate that JetBlue Airways Co. will post -1.01 earnings per share for the current fiscal year.

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.