Eagle Asset Management Inc. Has $90.83 Million Position in JetBlue Airways Co. (JBLU)

Eagle Asset Management Inc. decreased its position in JetBlue Airways Co. (NASDAQ:JBLU) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 4,087,088 shares of the transportation company’s stock after selling 185,940 shares during the period. Eagle Asset Management Inc.’s holdings in JetBlue Airways were worth $90,831,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Cubist Systematic Strategies LLC raised its stake in JetBlue Airways by 2.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 310 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in JetBlue Airways by 11.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,414 shares of the transportation company’s stock valued at $329,000 after purchasing an additional 1,453 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in JetBlue Airways by 7.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 38,260 shares of the transportation company’s stock valued at $855,000 after purchasing an additional 2,775 shares during the last quarter. Oakbrook Investments LLC raised its stake in JetBlue Airways by 15.4% in the 4th quarter. Oakbrook Investments LLC now owns 22,080 shares of the transportation company’s stock valued at $493,000 after purchasing an additional 2,950 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake in JetBlue Airways by 18.4% in the 4th quarter. First Mercantile Trust Co. now owns 19,075 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 2,968 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. ValuEngine raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Cowen reaffirmed a “market perform” rating and set a $24.00 price objective (up previously from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective (up previously from $20.00) on shares of JetBlue Airways in a research note on Wednesday, January 10th. Finally, Bank of America downgraded shares of JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $24.32.

In related news, EVP James G. Hnat sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $20.84, for a total transaction of $104,200.00. Following the completion of the sale, the executive vice president now owns 9,555 shares of the company’s stock, valued at approximately $199,126.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $20.87, for a total transaction of $41,740.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,545 shares of company stock valued at $442,303. Corporate insiders own 0.60% of the company’s stock.

Shares of JetBlue Airways Co. (NASDAQ:JBLU) opened at $20.14 on Thursday. The stock has a market cap of $6,400.11, a P/E ratio of 5.72 and a beta of 0.59. JetBlue Airways Co. has a 1 year low of $18.05 and a 1 year high of $24.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. JetBlue Airways had a return on equity of 14.20% and a net margin of 16.35%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. analysts expect that JetBlue Airways Co. will post 1.91 earnings per share for the current year.

JetBlue Airways announced that its board has initiated a share buyback program on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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About JetBlue Airways

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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

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