JetBlue Airways Co. (NASDAQ:JBLU) Stock Holdings Decreased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lessened its position in JetBlue Airways Co. (NASDAQ:JBLU) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 281,375 shares of the transportation company’s stock after selling 13,075 shares during the quarter. Gilman Hill Asset Management LLC owned approximately 0.08% of JetBlue Airways worth $2,212,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Smith Anglin Financial LLC grew its stake in JetBlue Airways by 14.6% during the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after acquiring an additional 1,763 shares in the last quarter. Jeppson Wealth Management LLC grew its position in JetBlue Airways by 15.7% during the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 1,850 shares in the last quarter. GAMMA Investing LLC increased its stake in JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after buying an additional 3,857 shares during the period. Bogart Wealth LLC boosted its stake in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Up 0.4 %

JetBlue Airways stock opened at $7.64 on Monday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -3.03 and a beta of 1.84. The firm has a fifty day moving average price of $7.04 and a two-hundred day moving average price of $6.34. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two week high of $8.28. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company earned ($0.39) EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts forecast that JetBlue Airways Co. will post -0.85 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Barclays lifted their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Finally, Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of “Hold” and a consensus target price of $6.69.

About JetBlue Airways

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.