U S Global Investors Inc. Has $22.19 Million Stake in JetBlue Airways Corporation $JBLU

U S Global Investors Inc. lessened its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 10.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,509,132 shares of the transportation company’s stock after selling 512,287 shares during the period. JetBlue Airways comprises about 2.5% of U S Global Investors Inc.’s holdings, making the stock its 7th biggest position. U S Global Investors Inc. owned about 1.24% of JetBlue Airways worth $22,185,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBLU. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in JetBlue Airways in the third quarter valued at approximately $116,000. CWM LLC increased its position in JetBlue Airways by 3.2% in the third quarter. CWM LLC now owns 78,200 shares of the transportation company’s stock worth $385,000 after buying an additional 2,394 shares during the last quarter. Carr Financial Group Corp bought a new stake in shares of JetBlue Airways in the third quarter valued at $70,000. Assenagon Asset Management S.A. lifted its position in shares of JetBlue Airways by 17.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,951,255 shares of the transportation company’s stock valued at $9,600,000 after buying an additional 291,758 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of JetBlue Airways by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 104,341 shares of the transportation company’s stock worth $441,000 after acquiring an additional 5,631 shares during the period. 83.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JBLU has been the subject of several recent research reports. Morgan Stanley decreased their price objective on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. Citigroup initiated coverage on shares of JetBlue Airways in a research report on Thursday, December 4th. They set a “sell” rating and a $4.10 target price for the company. TD Cowen boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Monday, September 8th. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. Finally, Susquehanna raised their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Six equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.04.

JetBlue Airways Stock Up 0.9%

JBLU stock opened at $4.59 on Friday. The stock has a 50-day simple moving average of $4.52 and a two-hundred day simple moving average of $4.65. JetBlue Airways Corporation has a twelve month low of $3.34 and a twelve month high of $8.31. The firm has a market capitalization of $1.67 billion, a PE ratio of -3.48 and a beta of 1.78. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 3.42.

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

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.