Dumont & Blake Investment Advisors LLC Cuts Position in JetBlue Airways Co. (NASDAQ:JBLU)

Dumont & Blake Investment Advisors LLC trimmed its position in JetBlue Airways Co. (NASDAQ:JBLU) by 50.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the transportation company’s stock after selling 20,000 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in JetBlue Airways were worth $131,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Smith Anglin Financial LLC raised its holdings in shares of JetBlue Airways by 14.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock worth $91,000 after purchasing an additional 1,763 shares during the period. Sage Rhino Capital LLC raised its holdings in shares of JetBlue Airways by 9.9% during the 2nd quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,788 shares during the period. PDS Planning Inc raised its holdings in shares of JetBlue Airways by 18.2% during the 1st quarter. PDS Planning Inc now owns 13,947 shares of the transportation company’s stock valued at $103,000 after buying an additional 2,148 shares during the period. GAMMA Investing LLC raised its holdings in shares of JetBlue Airways by 79.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after buying an additional 2,993 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in shares of JetBlue Airways by 31.6% during the 1st quarter. EP Wealth Advisors LLC now owns 13,548 shares of the transportation company’s stock valued at $101,000 after buying an additional 3,255 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Price Performance

Shares of JBLU opened at $7.18 on Friday. The company has a market cap of $2.49 billion, a P/E ratio of -2.56 and a beta of 1.92. The stock has a fifty day moving average price of $6.07 and a 200 day moving average price of $5.94. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.26. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. On average, research analysts forecast that JetBlue Airways Co. will post -0.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JBLU. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research note on Friday, October 11th. Citigroup raised their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday. Susquehanna raised their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI raised their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.98.

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.