Comerica Bank Lowers Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Comerica Bank lessened its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,490 shares of the transportation company’s stock after selling 2,050 shares during the period. Comerica Bank’s holdings in JetBlue Airways were worth $845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBLU. Voleon Capital Management LP purchased a new position in JetBlue Airways during the 4th quarter valued at about $118,000. Schonfeld Strategic Advisors LLC increased its stake in shares of JetBlue Airways by 14.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 469,303 shares of the transportation company’s stock valued at $3,689,000 after purchasing an additional 58,289 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of JetBlue Airways by 9.2% during the fourth quarter. Northern Trust Corp now owns 3,209,254 shares of the transportation company’s stock valued at $25,225,000 after purchasing an additional 270,002 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $2,244,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of JetBlue Airways by 15.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 266,165 shares of the transportation company’s stock worth $2,093,000 after buying an additional 36,518 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

JBLU stock opened at $4.93 on Wednesday. JetBlue Airways Co. has a twelve month low of $3.34 and a twelve month high of $8.31. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -2.11 and a beta of 1.79. The business’s fifty day simple moving average is $4.61 and its two-hundred day simple moving average is $6.07. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

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. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.43) EPS. Analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JBLU. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Citigroup lifted their target price on JetBlue Airways from $4.25 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. UBS Group lowered their price target on JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a report on Monday, April 7th. Susquehanna dropped their price objective on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.16.

Insiders Place Their Bets

In related 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 through this link. 1.18% of the stock is owned by company insiders.

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.