Duality Advisers LP Sells 42,263 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Duality Advisers LP lessened its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 40.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,623 shares of the transportation company’s stock after selling 42,263 shares during the quarter. Duality Advisers LP’s holdings in JetBlue Airways were worth $348,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. CWM LLC raised its holdings in JetBlue Airways by 458.5% during the 3rd quarter. CWM LLC now owns 26,836 shares of the transportation company’s stock worth $123,000 after purchasing an additional 22,031 shares during the last quarter. SG Americas Securities LLC raised its holdings in JetBlue Airways by 57.7% during the 3rd quarter. SG Americas Securities LLC now owns 351,648 shares of the transportation company’s stock worth $1,618,000 after purchasing an additional 128,716 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in JetBlue Airways by 410.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 207,484 shares of the transportation company’s stock worth $954,000 after purchasing an additional 166,847 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in JetBlue Airways by 19.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 48,400 shares of the transportation company’s stock worth $223,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new position in JetBlue Airways during the 3rd quarter worth approximately $565,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.78 on Friday. The company has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $5.66. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month 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. The company has a market cap of $1.97 billion, a P/E ratio of -2.34 and a beta of 1.86.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the firm posted ($0.34) EPS. JetBlue Airways’s revenue was down 5.5% compared to the same quarter last year. Sell-side analysts predict that JetBlue Airways Co. will post -0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. TD Cowen lowered their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday. Bank of America lowered shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $6.00 to $3.00 in a research note on Tuesday, January 9th. Evercore ISI lifted their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Barclays initiated coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price objective for the company. Finally, Susquehanna lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.78.

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.