JetBlue Airways Corporation (NASDAQ:JBLU) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 48.3% in the first quarter, HoldingsChannel reports. The fund owned 16,535 shares of the transportation company’s stock after selling 15,463 shares during the period. Nisa Investment Advisors LLC’s holdings in JetBlue Airways were worth $80,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock valued at $130,470,000 after purchasing an additional 16,486,326 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of JetBlue Airways by 491.7% during the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company’s stock worth $33,597,000 after buying an additional 3,552,057 shares in the last quarter. Nomura Holdings Inc. lifted its stake in shares of JetBlue Airways by 3,729.9% in the 4th quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company’s stock worth $27,009,000 after acquiring an additional 3,346,482 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of JetBlue Airways by 60.8% in the fourth quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company’s stock valued at $40,897,000 after acquiring an additional 1,968,343 shares in the last quarter. Finally, Norges Bank bought a new position in shares of JetBlue Airways in the fourth quarter valued at approximately $14,624,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $4.41 on Friday. The company’s fifty day moving average is $4.66 and its two-hundred day moving average is $5.41. The company has a market cap of $1.56 billion, a P/E ratio of -5.38 and a beta of 1.76. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $8.31. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.02. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. JetBlue Airways had a negative return on equity of 11.93% and a negative net margin of 3.12%. JetBlue Airways’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.43) earnings per share. Equities analysts expect that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JBLU shares. Barclays cut their target price on JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Citigroup raised their target price on JetBlue Airways from $4.25 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Wall Street Zen upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, May 15th. Bank of America lowered their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Finally, UBS Group set a $3.00 target price on shares of JetBlue Airways and gave the stock a “sell” rating in a report on Monday, July 7th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and a consensus price target of $5.16.

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.