Landscape Capital Management L.L.C. Sells 156,403 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Landscape Capital Management L.L.C. reduced its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 87.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,651 shares of the transportation company's stock after selling 156,403 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in JetBlue Airways were worth $170,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. ExodusPoint Capital Management LP grew its holdings in JetBlue Airways by 242.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 132,141 shares of the transportation company's stock valued at $1,039,000 after buying an additional 93,592 shares in the last quarter. Trexquant Investment LP bought a new position in JetBlue Airways in the fourth quarter valued at about $1,420,000. Headlands Technologies LLC raised its holdings in JetBlue Airways by 875.2% in the 4th quarter. Headlands Technologies LLC now owns 228,081 shares of the transportation company's stock valued at $1,793,000 after buying an additional 204,692 shares during the last quarter. National Bank of Canada FI increased its holdings in JetBlue Airways by 117,903.2% in the fourth quarter. National Bank of Canada FI now owns 1,000,667 shares of the transportation company's stock valued at $7,865,000 after purchasing an additional 999,819 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of JetBlue Airways during the fourth quarter worth about $432,000. Institutional investors own 83.71% of the company's stock.

Remove Ads

JetBlue Airways Price Performance

Shares of JBLU stock traded up $0.03 during trading hours on Monday, hitting $3.74. The stock had a trading volume of 4,328,775 shares, compared to its average volume of 18,262,789. The stock's 50-day moving average price is $5.71 and its two-hundred day moving average price is $6.50. JetBlue Airways Co. has a one year low of $3.47 and a one year high of $8.31. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -1.60 and a beta of 1.69. 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 (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned ($0.19) earnings per share. Equities analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Activity

In related news, Director Nik Mittal purchased 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now owns 116,443 shares of the company's stock, valued at approximately $714,960.02. This represents a 608.16 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were 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 $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a "buy" rating to a "hold" rating and lowered their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Raymond James upgraded JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a report on Monday, April 7th. Barclays dropped their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup dropped their price target on shares of JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating on the stock in a research report on Friday. Finally, Seaport Res Ptn cut shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, JetBlue Airways has a consensus rating of "Hold" and a consensus target price of $5.17.

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.