SG Americas Securities LLC Has $3.23 Million Holdings in JetBlue Airways Corporation $JBLU

SG Americas Securities LLC lessened its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 13.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 730,288 shares of the transportation company’s stock after selling 109,263 shares during the quarter. SG Americas Securities LLC owned 0.20% of JetBlue Airways worth $3,228,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in JetBlue Airways by 131.2% in the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after buying an additional 51,377 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of JetBlue Airways by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock worth $896,000 after buying an additional 8,053 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of JetBlue Airways by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock worth $23,085,000 after buying an additional 274,892 shares during the last quarter. United Services Automobile Association bought a new position in shares of JetBlue Airways in the 1st quarter valued at about $106,000. Finally, Cetera Investment Advisers grew its holdings in shares of JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,954 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Transactions at JetBlue Airways

In related news, Director Thomas Winkelmann sold 35,473 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $4.70, for a total value of $166,723.10. Following the completion of the transaction, the director owned 13,379 shares of the company’s stock, valued at $62,881.30. The trade was a 72.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vivek Sharma sold 32,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the sale, the director owned 35,479 shares in the company, valued at $191,941.39. The trade was a 47.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JBLU has been the topic of a number of recent research reports. Citigroup lifted their target price on JetBlue Airways from $4.40 to $6.60 and gave the company a “neutral” rating in a research report on Friday, June 26th. TD Cowen upgraded JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Susquehanna boosted their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, JetBlue Airways has a consensus rating of “Reduce” and a consensus target price of $5.23.

JetBlue Airways Price Performance

Shares of JBLU opened at $5.73 on Wednesday. The company’s 50-day moving average is $5.13 and its 200-day moving average is $5.06. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a market capitalization of $2.13 billion, a PE ratio of -2.95 and a beta of 1.73. JetBlue Airways Corporation has a fifty-two week low of $3.87 and a fifty-two week high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.15). JetBlue Airways had a negative return on equity of 32.76% and a negative net margin of 7.78%.The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business earned ($0.59) earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that JetBlue Airways Corporation will post -2.67 EPS for the current year.

About JetBlue Airways

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.