Alaska Permanent Fund Corp Sells 52,016 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Alaska Permanent Fund Corp lowered its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,084 shares of the transportation company’s stock after selling 52,016 shares during the quarter. Alaska Permanent Fund Corp owned about 0.08% of JetBlue Airways worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in JBLU. Vanguard Group Inc. grew its holdings in JetBlue Airways by 9.2% in the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock valued at $168,845,000 after purchasing an additional 3,099,071 shares during the period. U S Global Investors Inc. grew its holdings in JetBlue Airways by 24.2% in the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock valued at $54,286,000 after buying an additional 1,903,910 shares in the last quarter. Invesco Ltd. grew its holdings in JetBlue Airways by 107.2% in the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock valued at $15,925,000 after buying an additional 1,791,273 shares in the last quarter. American Century Companies Inc. grew its holdings in JetBlue Airways by 49.6% in the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock valued at $21,052,000 after buying an additional 1,518,328 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in JetBlue Airways by 136.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock valued at $11,412,000 after buying an additional 1,431,113 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI increased their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. TD Cowen dropped their price objective on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday. Susquehanna increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. dropped their price target on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Bank of America downgraded JetBlue Airways from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways has an average rating of “Hold” and an average target price of $5.78.

JetBlue Airways Stock Down 3.2 %

Shares of JBLU stock opened at $5.72 on Friday. The stock has a fifty day moving average price of $6.89 and a 200 day moving average price of $5.65. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $9.45. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.32.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that JetBlue Airways Co. will post -0.72 earnings per share for the current fiscal year.

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.