New York State Teachers Retirement System Sells 29,528 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

New York State Teachers Retirement System lowered its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 402,647 shares of the transportation company’s stock after selling 29,528 shares during the period. New York State Teachers Retirement System owned about 0.12% of JetBlue Airways worth $2,235,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JBLU. Performa Ltd US LLC lifted its stake in JetBlue Airways by 96.6% during the third quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after purchasing an additional 2,800 shares during the last quarter. Signaturefd LLC increased its holdings in shares of JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after buying an additional 2,751 shares during the period. Quarry LP purchased a new position in shares of JetBlue Airways in the first quarter worth about $32,000. Neo Ivy Capital Management purchased a new position in shares of JetBlue Airways in the second quarter worth about $33,000. Finally, Versant Capital Management Inc increased its holdings in shares of JetBlue Airways by 41.3% in the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after buying an additional 1,861 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Down 3.8 %

Shares of NASDAQ:JBLU opened at $6.53 on Wednesday. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $9.45. The stock’s 50-day moving average is $6.86 and its 200 day moving average is $5.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The company has a market cap of $2.22 billion, a PE ratio of -6.95 and a beta of 1.86.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the business earned $0.22 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that JetBlue Airways Co. will post -0.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JBLU shares. Susquehanna lifted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Bank of America downgraded JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Evercore ISI lifted their price objective on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Finally, UBS Group began coverage on JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.75.

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.