Excalibur Management Corp Sells 3,305 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Excalibur Management Corp cut its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,816 shares of the transportation company’s stock after selling 3,305 shares during the period. Excalibur Management Corp’s holdings in JetBlue Airways were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JBLU. Entropy Technologies LP purchased a new stake in JetBlue Airways in the fourth quarter worth approximately $787,000. Maverick Capital Ltd. raised its holdings in shares of JetBlue Airways by 136.1% during the third quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock valued at $1,612,000 after acquiring an additional 141,605 shares in the last quarter. Quantbot Technologies LP boosted its position in JetBlue Airways by 56.7% during the 3rd quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock valued at $6,054,000 after acquiring an additional 334,032 shares in the last quarter. Empowered Funds LLC lifted its position in JetBlue Airways by 8.3% during the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after acquiring an additional 107,293 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in JetBlue Airways by 71.7% in the fourth quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company’s stock worth $936,000 after acquiring an additional 49,712 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Trading Down 1.9 %

Shares of JBLU stock opened at $5.56 on Wednesday. The company has a 50-day moving average of $6.54 and a two-hundred day moving average of $6.66. The firm has a market cap of $1.96 billion, a PE ratio of -2.38 and a beta of 1.80. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted ($0.19) earnings per share. On average, analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America restated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Citigroup upped their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Susquehanna cut their target price on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Morgan Stanley restated an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.33.

Insider Transactions at JetBlue Airways

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