Seven Eight Capital LP Sells 30,254 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Seven Eight Capital LP trimmed its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 435,888 shares of the transportation company’s stock after selling 30,254 shares during the period. Seven Eight Capital LP’s holdings in JetBlue Airways were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of JetBlue Airways by 12.5% in the fourth quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock worth $136,000 after buying an additional 2,717 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of JetBlue Airways by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,861,383 shares of the transportation company’s stock valued at $21,431,000 after purchasing an additional 186,185 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in JetBlue Airways by 91.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 74,462 shares of the transportation company’s stock worth $413,000 after acquiring an additional 35,578 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in JetBlue Airways by 325.6% during the 4th quarter. Quadrant Capital Group LLC now owns 25,198 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 19,278 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in JetBlue Airways by 10.3% in the fourth quarter. Corient Private Wealth LLC now owns 84,818 shares of the transportation company’s stock valued at $471,000 after acquiring an additional 7,891 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on JBLU. Citigroup raised their price objective on JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Finally, TD Cowen raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $6.00.

JetBlue Airways Stock Down 0.7 %

Shares of JBLU opened at $5.75 on Wednesday. The business’s 50 day moving average is $5.53 and its 200 day moving average is $5.99. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $7.58. The company has a market capitalization of $1.96 billion, a PE ratio of -2.33 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Research analysts expect that JetBlue Airways Co. will post -0.99 earnings per share for the current fiscal year.

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.