JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Securian Asset Management Inc

Securian Asset Management Inc lessened its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 2.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 29,100 shares of the transportation company’s stock after selling 709 shares during the period. Securian Asset Management Inc’s holdings in JetBlue Airways were worth $488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JBLU. Massachusetts Financial Services Co. MA acquired a new stake in JetBlue Airways during the 1st quarter worth $48,004,000. BlackRock Inc. boosted its stake in JetBlue Airways by 4.4% during the 1st quarter. BlackRock Inc. now owns 27,000,220 shares of the transportation company’s stock worth $549,185,000 after purchasing an additional 1,144,970 shares during the last quarter. Principal Financial Group Inc. boosted its stake in JetBlue Airways by 116.7% during the 1st quarter. Principal Financial Group Inc. now owns 2,017,440 shares of the transportation company’s stock worth $41,035,000 after purchasing an additional 1,086,571 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of JetBlue Airways by 110.7% during the 1st quarter. Nuveen Asset Management LLC now owns 2,056,225 shares of the transportation company’s stock worth $41,824,000 after acquiring an additional 1,080,237 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in shares of JetBlue Airways by 935.3% during the 1st quarter. Voloridge Investment Management LLC now owns 747,899 shares of the transportation company’s stock worth $15,212,000 after acquiring an additional 675,656 shares during the period. 76.23% of the stock is currently owned by institutional investors.

In other JetBlue Airways news, insider Scott M. Laurence sold 1,789 shares of the business’s stock in a transaction dated Friday, June 25th. The shares were sold at an average price of $17.38, for a total transaction of $31,092.82. Following the sale, the insider now directly owns 2,710 shares in the company, valued at $47,099.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,789 shares of company stock worth $106,613 over the last quarter. Insiders own 0.61% of the company’s stock.

Several research analysts have recently commented on the company. Susquehanna Bancshares reduced their price target on JetBlue Airways from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Wednesday, July 28th. Susquehanna reduced their price target on JetBlue Airways from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Wednesday, July 28th. Raymond James reduced their price target on JetBlue Airways from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, July 21st. Morgan Stanley reduced their price target on JetBlue Airways from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, MKM Partners assumed coverage on JetBlue Airways in a report on Thursday, June 10th. They set a “neutral” rating and a $21.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, JetBlue Airways has an average rating of “Hold” and a consensus target price of $19.79.

Shares of NASDAQ:JBLU opened at $15.22 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.04. The firm has a market capitalization of $4.84 billion, a PE ratio of -4.53 and a beta of 1.62. The firm’s 50-day moving average is $15.14 and its two-hundred day moving average is $17.87. JetBlue Airways Co. has a 1 year low of $10.93 and a 1 year high of $21.96.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Monday, July 26th. The transportation company reported ($0.65) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.74) by $0.09. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.44 billion. JetBlue Airways had a negative net margin of 28.27% and a negative return on equity of 41.70%. The business’s revenue for the quarter was up 597.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.02) earnings per share. Analysts expect that JetBlue Airways Co. will post -2.13 EPS for the current fiscal year.

JetBlue Airways Company Profile

JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom.

Featured Article: 52-Week High/Low Prices For Stock Selection

Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Co. (NASDAQ:JBLU).

Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.