Quantbot Technologies LP Has $5.36 Million Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Quantbot Technologies LP trimmed its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 682,017 shares of the transportation company's stock after selling 240,908 shares during the period. Quantbot Technologies LP owned about 0.20% of JetBlue Airways worth $5,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc raised its stake in JetBlue Airways by 6.4% during the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after purchasing an additional 1,823 shares during the period. Xponance Inc. grew its holdings in shares of JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after buying an additional 2,095 shares in the last quarter. Blue Trust Inc. raised its position in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares during the period. Bogart Wealth LLC lifted its stake in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after acquiring an additional 2,850 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after acquiring an additional 3,857 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

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Analyst Upgrades and Downgrades

JBLU has been the subject of a number of research analyst reports. Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Bank of America reissued an "underperform" rating and set a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Citigroup upped their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, UBS Group dropped their target price on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, JetBlue Airways presently has a consensus rating of "Hold" and an average price target of $6.33.

JetBlue Airways Stock Performance

NASDAQ:JBLU traded up $0.12 during midday trading on Wednesday, reaching $5.66. The stock had a trading volume of 17,630,316 shares, compared to its average volume of 16,806,923. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The firm's fifty day simple moving average is $6.75 and its 200-day simple moving average is $6.65. The stock has a market capitalization of $2.00 billion, a P/E ratio of -2.42 and a beta of 1.80. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31.

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

Insider Buying and Selling at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nik Mittal bought 100,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now directly owns 116,443 shares of the company's stock, valued at $714,960.02. This represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.18% of the company's stock.

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.