Strs Ohio Trims Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Strs Ohio cut its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,100 shares of the transportation company’s stock after selling 11,600 shares during the quarter. Strs Ohio’s holdings in JetBlue Airways were worth $855,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of JetBlue Airways by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after acquiring an additional 3,099,071 shares during the period. U S Global Investors Inc. grew its stake in shares of JetBlue Airways by 24.2% during the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock valued at $54,286,000 after buying an additional 1,903,910 shares during the period. American Century Companies Inc. increased its holdings in shares of JetBlue Airways by 49.6% during the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock worth $21,052,000 after buying an additional 1,518,328 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of JetBlue Airways by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,675,198 shares of the transportation company’s stock worth $16,906,000 after buying an additional 162,073 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of JetBlue Airways by 107.2% in the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock worth $15,925,000 after buying an additional 1,791,273 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Trading Down 3.1 %

NASDAQ JBLU opened at $5.91 on Thursday. The company’s fifty day simple moving average is $6.91 and its 200-day simple moving average is $5.65. The stock has a market cap of $2.01 billion, a P/E ratio of -6.29 and a beta of 1.86. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $9.45. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) EPS. Equities research analysts predict that JetBlue Airways Co. will post -0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

JBLU has been the subject of several research analyst reports. Susquehanna upped their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and increased their target price for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. TD Cowen reduced their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday. Barclays started coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price objective for the company. Finally, Evercore ISI lifted their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, JetBlue Airways has a consensus rating of “Hold” and a consensus price target of $5.78.

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.