WINTON GROUP Ltd Sells 39,621 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

WINTON GROUP Ltd reduced its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,691 shares of the transportation company’s stock after selling 39,621 shares during the quarter. WINTON GROUP Ltd’s holdings in JetBlue Airways were worth $1,137,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JBLU. Entropy Technologies LP bought a new stake in shares of JetBlue Airways during the fourth quarter worth $787,000. Maverick Capital Ltd. grew its position in JetBlue Airways by 136.1% during the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock worth $1,612,000 after acquiring an additional 141,605 shares during the last quarter. Intech Investment Management LLC increased its holdings in JetBlue Airways by 71.7% in the 4th quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company’s stock worth $936,000 after purchasing an additional 49,712 shares in the last quarter. Empowered Funds LLC raised its position in JetBlue Airways by 8.3% in the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after purchasing an additional 107,293 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after purchasing an additional 663,865 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Down 2.3 %

Shares of NASDAQ:JBLU opened at $5.21 on Friday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -2.23 and a beta of 1.80. The business’s 50-day moving average is $6.40 and its 200-day moving average is $6.64. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways Co. has a 1 year low of $4.50 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the prior year, the business posted ($0.19) earnings per share. Equities research analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price target for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Citigroup increased their price objective on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, UBS Group cut their target price on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.33.

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.