Y Intercept Hong Kong Ltd Sells 190,045 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Y Intercept Hong Kong Ltd decreased its position in JetBlue Airways Co. (NASDAQ:JBLU) by 63.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 110,743 shares of the transportation company’s stock after selling 190,045 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in JetBlue Airways were worth $870,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Compass Capital Corp MA ADV bought a new stake in shares of JetBlue Airways in the 4th quarter worth about $240,000. Hussman Strategic Advisors Inc. bought a new stake in shares of JetBlue Airways in the 4th quarter worth about $1,651,000. Handelsbanken Fonder AB grew its holdings in shares of JetBlue Airways by 19.4% in the 4th quarter. Handelsbanken Fonder AB now owns 57,800 shares of the transportation company’s stock worth $454,000 after purchasing an additional 9,400 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways in the 4th quarter worth about $40,000. Finally, CIBC Asset Management Inc grew its holdings in shares of JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock worth $239,000 after purchasing an additional 1,823 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Insider Activity

In other news, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at $313,747.50. This represents a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nik Mittal bought 100,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now owns 116,443 shares in the company, valued at $714,960.02. This represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by company insiders.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $6.50 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The company has a market cap of $2.29 billion, a PE ratio of -2.78 and a beta of 1.83. The company’s 50-day moving average is $7.22 and its two-hundred day moving average is $6.52. JetBlue Airways Co. has a 1 year low of $4.49 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates 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 firm posted ($0.19) earnings per share. Equities analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JBLU. Bank of America reiterated an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Susquehanna reduced their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. 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, The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.26.

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.