Intech Investment Management LLC Has $706,000 Holdings in JetBlue Airways Corporation $JBLU

Intech Investment Management LLC lessened its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 22.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,848 shares of the transportation company’s stock after selling 49,511 shares during the period. Intech Investment Management LLC’s holdings in JetBlue Airways were worth $706,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in JBLU. Pinnacle Holdings LLC boosted its stake in JetBlue Airways by 1.3% in the 1st quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company’s stock valued at $1,145,000 after purchasing an additional 3,113 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in JetBlue Airways by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 78,237 shares of the transportation company’s stock worth $331,000 after buying an additional 5,588 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of JetBlue Airways by 10.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 73,178 shares of the transportation company’s stock worth $310,000 after buying an additional 6,957 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of JetBlue Airways by 77.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 16,462 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 7,211 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of JetBlue Airways by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after acquiring an additional 8,053 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $4.52 on Thursday. The firm has a 50 day moving average of $4.55 and a 200-day moving average of $4.69. JetBlue Airways Corporation has a 12 month low of $3.34 and a 12 month high of $8.31. The company has a current ratio of 0.82, a quick ratio of 0.84 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $1.64 billion, a PE ratio of -3.42 and a beta of 1.85.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm posted ($0.16) earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on JBLU shares. UBS Group lifted their price objective on shares of JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Susquehanna boosted their price target on JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Finally, TD Cowen raised their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Monday, September 8th. Seven research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, JetBlue Airways presently has an average rating of “Reduce” and an average price target of $5.25.

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.