RBF Capital LLC Trims Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

RBF Capital LLC cut its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 30.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 450,000 shares of the transportation company's stock after selling 200,000 shares during the quarter. RBF Capital LLC owned approximately 0.13% of JetBlue Airways worth $3,537,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of JetBlue Airways by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company's stock worth $254,749,000 after buying an additional 121,267 shares during the last quarter. FMR LLC increased its position in shares of JetBlue Airways by 14,595.7% in the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock worth $130,470,000 after purchasing an additional 16,486,326 shares during the last quarter. American Century Companies Inc. raised its stake in shares of JetBlue Airways by 8.4% in the 4th quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company's stock valued at $68,948,000 after purchasing an additional 678,891 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company's stock worth $52,864,000 after purchasing an additional 1,063,929 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock worth $36,170,000 after purchasing an additional 2,584,350 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nik Mittal purchased 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by insiders.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $3.67 on Wednesday. The firm's 50 day moving average is $5.31 and its two-hundred day moving average is $6.36. The firm has a market capitalization of $1.30 billion, a P/E ratio of -1.57 and a beta of 1.69. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 52 week low of $3.34 and a 52 week high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS 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 company posted ($0.19) EPS. Analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

JBLU has been the topic of a number of research analyst reports. Susquehanna reduced their target price on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. UBS Group reduced their price objective on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Barclays lowered their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.17.

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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