Donald Smith & CO. Inc. Has $74.27 Million Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Donald Smith & CO. Inc. decreased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,320,960 shares of the transportation company’s stock after selling 249,250 shares during the period. JetBlue Airways comprises 1.8% of Donald Smith & CO. Inc.’s portfolio, making the stock its 24th biggest holding. Donald Smith & CO. Inc.’s holdings in JetBlue Airways were worth $74,265,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of JetBlue Airways by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 37,059,623 shares of the transportation company’s stock worth $205,681,000 after purchasing an additional 354,086 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of JetBlue Airways by 64.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,018 shares of the transportation company’s stock worth $139,000 after acquiring an additional 9,777 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of JetBlue Airways in the 1st quarter valued at about $25,000. Sequoia Financial Advisors LLC lifted its stake in JetBlue Airways by 24.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 22,023 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 4,275 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in JetBlue Airways by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company’s stock worth $3,611,000 after purchasing an additional 84,766 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

NASDAQ:JBLU traded down $0.25 during trading hours on Wednesday, hitting $5.82. The stock had a trading volume of 11,111,172 shares, compared to its average volume of 15,467,747. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -2.44 and a beta of 1.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. The company has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average of $5.92. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company posted ($0.39) EPS. JetBlue Airways’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts forecast that JetBlue Airways Co. will post -0.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America upgraded shares of 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. Citigroup lifted their target price on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen raised their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Susquehanna boosted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, StockNews.com raised JetBlue Airways to a “sell” rating in a research note on Friday, October 11th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.98.

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.