Credit Suisse AG Reduces Holdings in JetBlue Airways Co. (JBLU)

Credit Suisse AG decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 65.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 583,447 shares of the transportation company’s stock after selling 1,100,572 shares during the period. Credit Suisse AG owned about 0.19% of JetBlue Airways worth $11,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. HPM Partners LLC grew its stake in shares of JetBlue Airways by 13.5% in the second quarter. HPM Partners LLC now owns 23,573 shares of the transportation company’s stock worth $447,000 after acquiring an additional 2,796 shares in the last quarter. MML Investors Services LLC grew its stake in shares of JetBlue Airways by 14.0% in the third quarter. MML Investors Services LLC now owns 23,882 shares of the transportation company’s stock worth $462,000 after acquiring an additional 2,927 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of JetBlue Airways by 23.1% in the second quarter. Janus Henderson Group PLC now owns 15,728 shares of the transportation company’s stock worth $299,000 after acquiring an additional 2,956 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of JetBlue Airways by 2.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 127,529 shares of the transportation company’s stock worth $2,421,000 after acquiring an additional 3,590 shares in the last quarter. Finally, Vident Investment Advisory LLC grew its stake in shares of JetBlue Airways by 2.0% in the second quarter. Vident Investment Advisory LLC now owns 184,775 shares of the transportation company’s stock worth $3,507,000 after acquiring an additional 3,610 shares in the last quarter. Institutional investors and hedge funds own 88.91% of the company’s stock.

In related news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $19.30, for a total value of $115,800.00. Following the completion of the sale, the executive vice president now directly owns 3,437 shares of the company’s stock, valued at $66,334.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.63% of the stock is owned by insiders.

JBLU has been the subject of a number of analyst reports. BidaskClub upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Wolfe Research reiterated an “underperform” rating on shares of JetBlue Airways in a research note on Friday, August 24th. Zacks Investment Research upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Imperial Capital boosted their target price on shares of JetBlue Airways from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, September 27th. Finally, Citigroup boosted their target price on shares of JetBlue Airways from $21.50 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.79.

Shares of JBLU stock opened at $17.89 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a market cap of $5.71 billion, a P/E ratio of 10.46, a PEG ratio of 1.67 and a beta of 0.59. JetBlue Airways Co. has a 12 month low of $15.76 and a 12 month high of $23.08.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that JetBlue Airways Co. will post 1.45 earnings per share for the current year.

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About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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