JetBlue Airways Co. (JBLU) Stake Lessened by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 48.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,600 shares of the transportation company’s stock after selling 132,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in JetBlue Airways were worth $2,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JBLU. Alliancebernstein L.P. increased its holdings in shares of JetBlue Airways by 1,135.5% during the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock valued at $66,837,000 after acquiring an additional 2,690,638 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of JetBlue Airways by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after acquiring an additional 1,410,594 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of JetBlue Airways by 35.0% during the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock valued at $84,649,000 after acquiring an additional 961,535 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of JetBlue Airways during the second quarter valued at about $21,689,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of JetBlue Airways by 207.0% during the second quarter. Parametric Portfolio Associates LLC now owns 1,311,934 shares of the transportation company’s stock valued at $29,951,000 after acquiring an additional 884,560 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Several equities analysts recently weighed in on JBLU shares. Buckingham Research downgraded shares of JetBlue Airways from a “buy” rating to a “neutral” rating and cut their price target for the stock from $28.00 to $24.00 in a report on Wednesday, July 26th. Cowen and Company increased their price target on shares of JetBlue Airways from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Morgan Stanley cut their price target on shares of JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.02.

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In other news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.45, for a total transaction of $94,464.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $19.89, for a total value of $39,780.00. Following the transaction, the chief executive officer now owns 404,362 shares in the company, valued at approximately $8,042,760.18. The disclosure for this sale can be found here. Insiders have sold a total of 24,860 shares of company stock worth $474,419 in the last quarter. Insiders own 0.60% of the company’s stock.

Shares of JetBlue Airways Co. (NASDAQ:JBLU) opened at $19.99 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. JetBlue Airways Co. has a 52-week low of $18.05 and a 52-week high of $24.13. The company has a market capitalization of $6,500.00, a P/E ratio of 10.12 and a beta of 0.65.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts forecast that JetBlue Airways Co. will post 1.75 earnings per share for the current year.

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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