Tower Research Capital LLC TRC Decreases Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Tower Research Capital LLC TRC cut its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 77.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,153 shares of the transportation company’s stock after selling 28,475 shares during the period. Tower Research Capital LLC TRC’s holdings in JetBlue Airways were worth $64,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JBLU. GAMMA Investing LLC raised its stake in JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares during the period. Ballentine Partners LLC purchased a new position in JetBlue Airways during the fourth quarter worth about $114,000. SG Americas Securities LLC raised its stake in JetBlue Airways by 5,648.9% during the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after purchasing an additional 1,444,491 shares during the period. Blue Trust Inc. raised its stake in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares during the period. Finally, R Squared Ltd purchased a new position in JetBlue Airways during the fourth quarter worth about $58,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Up 1.9%

Shares of JBLU stock opened at $4.88 on Monday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a market capitalization of $1.73 billion, a P/E ratio of -2.09 and a beta of 1.79. The company has a 50 day moving average price of $4.67 and a 200 day moving average price of $6.10. JetBlue Airways Co. has a fifty-two week low of $3.34 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The firm’s revenue was down 3.1% on a year-over-year basis. Equities research analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBLU. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and reduced their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. UBS Group dropped their price target on shares of JetBlue Airways from $5.00 to $3.00 and set a “sell” rating for the company in a research report on Monday, April 7th. Susquehanna dropped their price target on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, Barclays dropped their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.16.

JetBlue Airways Company 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.