PFG Investments LLC Reduces Stake in JetBlue Airways Co. (NASDAQ:JBLU)

PFG Investments LLC cut its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,177 shares of the transportation company's stock after selling 42,554 shares during the quarter. PFG Investments LLC's holdings in JetBlue Airways were worth $426,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning increased its position in JetBlue Airways by 46.9% during the 2nd quarter. Creative Planning now owns 84,062 shares of the transportation company's stock valued at $512,000 after purchasing an additional 26,834 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in JetBlue Airways by 11.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 62,331 shares of the transportation company's stock worth $380,000 after buying an additional 6,179 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in JetBlue Airways in the second quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in JetBlue Airways by 218.9% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,109 shares of the transportation company's stock worth $141,000 after acquiring an additional 15,862 shares during the period. Finally, Point72 DIFC Ltd bought a new position in shares of JetBlue Airways in the 2nd quarter worth about $48,000. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Down 8.2 %

JetBlue Airways stock traded down $0.54 during trading on Monday, hitting $6.04. 28,771,418 shares of the company were exchanged, compared to its average volume of 26,678,086. The business's 50 day moving average is $7.20 and its 200 day moving average is $6.43. JetBlue Airways Co. has a 52 week low of $4.49 and a 52 week high of $8.31. The company has a market capitalization of $2.10 billion, a P/E ratio of -2.58 and a beta of 1.83. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same period in the prior year, the firm posted ($0.19) earnings per share. Analysts predict that JetBlue Airways Co. will post -0.58 earnings per share for the current year.

Analyst Ratings Changes

JBLU has been the topic of several research analyst reports. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group reissued a "sell" rating and issued a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Susquehanna boosted their price target on JetBlue Airways from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.69.

JetBlue Airways Company 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.