Voya Investment Management LLC Sells 9,344 Shares of JetBlue Airways Corporation $JBLU

Voya Investment Management LLC trimmed its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,287 shares of the transportation company’s stock after selling 9,344 shares during the quarter. Voya Investment Management LLC’s holdings in JetBlue Airways were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vident Advisory LLC boosted its stake in JetBlue Airways by 10.9% during the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock valued at $182,000 after buying an additional 2,284 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of JetBlue Airways by 8.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,054 shares of the transportation company’s stock valued at $1,517,000 after purchasing an additional 14,268 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of JetBlue Airways by 164.9% in the first quarter. GAMMA Investing LLC now owns 22,124 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 13,771 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of JetBlue Airways during the first quarter worth about $53,000. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of JetBlue Airways by 40.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 176,876 shares of the transportation company’s stock worth $853,000 after acquiring an additional 50,606 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JBLU. TD Cowen upped their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Monday, September 8th. UBS Group upped their target price on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research note on Friday, September 5th. Susquehanna restated a “neutral” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Finally, Barclays reiterated an “underweight” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.16.

JetBlue Airways Price Performance

JBLU opened at $5.03 on Friday. The business’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $4.70. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $8.31. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -4.57 and a beta of 1.81.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.15. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. On average, equities research analysts anticipate that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

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.