Excalibur Management Corp Trims Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Excalibur Management Corp trimmed its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,816 shares of the transportation company’s stock after selling 3,305 shares during the quarter. Excalibur Management Corp’s holdings in JetBlue Airways were worth $219,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC raised its holdings in shares of JetBlue Airways by 48.5% during the fourth quarter. EntryPoint Capital LLC now owns 20,614 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 6,729 shares during the last quarter. Vanguard Group Inc. boosted its stake in JetBlue Airways by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company’s stock worth $254,749,000 after buying an additional 121,267 shares during the period. Fox Run Management L.L.C. acquired a new stake in JetBlue Airways in the 4th quarter valued at approximately $140,000. KLP Kapitalforvaltning AS purchased a new position in JetBlue Airways during the 4th quarter valued at about $158,000. Finally, AXQ Capital LP acquired a new position in shares of JetBlue Airways in the fourth quarter valued at approximately $149,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Down 1.9 %

JBLU opened at $5.56 on Wednesday. The company has a market capitalization of $1.96 billion, a P/E ratio of -2.38 and a beta of 1.80. 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 Co. has a fifty-two week low of $4.50 and a fifty-two week high of $8.31. The firm’s fifty day moving average price is $6.54 and its two-hundred day moving average price is $6.66.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping 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 previous year, the firm posted ($0.19) earnings per share. On average, analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Transactions at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nik Mittal purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JBLU shares. 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. Citigroup increased their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and dropped their target price for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Bank of America restated an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways 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.