JetBlue Airways Co. (NASDAQ:JBLU) Stock Position Reduced by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,229,913 shares of the transportation company's stock after selling 498,182 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.22% of JetBlue Airways worth $33,247,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Hussman Strategic Advisors Inc. purchased a new stake in shares of JetBlue Airways during the fourth quarter worth $1,651,000. Handelsbanken Fonder AB raised its stake in shares of JetBlue Airways by 19.4% during the 4th quarter. Handelsbanken Fonder AB now owns 57,800 shares of the transportation company's stock worth $454,000 after purchasing an additional 9,400 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of JetBlue Airways during the 4th quarter worth about $40,000. CIBC Asset Management Inc grew its stake in shares of JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after buying an additional 1,823 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in JetBlue Airways by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,447,596 shares of the transportation company's stock worth $11,378,000 after buying an additional 40,452 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Susquehanna reduced their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Bank of America reaffirmed an "underperform" rating and issued a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Barclays increased their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, November 14th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, StockNews.com raised JetBlue Airways to a "sell" rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.26.

Insiders Place Their Bets

In other news, Director Nik Mittal purchased 100,000 shares of the business's stock in a transaction 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 acquisition, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $7.02 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The business has a 50 day moving average price of $7.27 and a 200 day moving average price of $6.51. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -3.00 and a beta of 1.83. JetBlue Airways Co. has a twelve month low of $4.49 and a twelve month high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data 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 period in the previous year, the business earned ($0.19) earnings per share. Research analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

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.

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