U S Global Investors Inc. Sells 387,827 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

U S Global Investors Inc. reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,765,922 shares of the transportation company’s stock after selling 387,827 shares during the period. JetBlue Airways makes up approximately 3.7% of U S Global Investors Inc.’s investment portfolio, making the stock its 6th biggest position. U S Global Investors Inc. owned 1.37% of JetBlue Airways worth $37,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBLU. Proficio Capital Partners LLC bought a new position in shares of JetBlue Airways in the fourth quarter worth about $89,000. Compass Capital Corp MA ADV acquired a new position in JetBlue Airways during the 4th quarter worth approximately $240,000. Hussman Strategic Advisors Inc. bought a new position in JetBlue Airways in the 4th quarter valued at approximately $1,651,000. Handelsbanken Fonder AB lifted its stake in JetBlue Airways by 19.4% in the 4th quarter. Handelsbanken Fonder AB now owns 57,800 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 9,400 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in JetBlue Airways in the fourth quarter valued at approximately $40,000. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $6.50 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The business has a 50-day simple moving average of $7.22 and a 200 day simple moving average of $6.52. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -2.78 and a beta of 1.83. JetBlue Airways Co. has a 52 week low of $4.49 and a 52 week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the prior year, the company posted ($0.19) earnings per share. On average, research analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JBLU has been the topic of a number of research reports. Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group restated a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. StockNews.com raised JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Barclays raised their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.26.

Insider Activity

In other news, Director Nik Mittal purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

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.