Mutual of America Capital Management LLC Cuts Position in JetBlue Airways Co. (NASDAQ:JBLU)

Mutual of America Capital Management LLC lessened its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 19.8% in the third quarter, HoldingsChannel.com reports. The firm owned 44,862 shares of the transportation company’s stock after selling 11,044 shares during the quarter. Mutual of America Capital Management LLC’s holdings in JetBlue Airways were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smith Anglin Financial LLC raised its holdings in JetBlue Airways by 14.6% during the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock worth $91,000 after purchasing an additional 1,763 shares during the last quarter. Sage Rhino Capital LLC increased its stake in shares of JetBlue Airways by 9.9% during the 2nd quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock worth $121,000 after purchasing an additional 1,788 shares in the last quarter. Jeppson Wealth Management LLC lifted its stake in JetBlue Airways by 15.7% in the 3rd quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after buying an additional 1,850 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of JetBlue Airways by 79.2% in the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after acquiring an additional 2,993 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 4,000 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.96 on Friday. The stock has a market capitalization of $2.07 billion, a P/E ratio of -2.37 and a beta of 1.92. JetBlue Airways Co. has a 12-month low of $4.10 and a 12-month high of $8.07. The firm’s 50 day moving average is $6.53 and its 200-day moving average is $5.93. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company posted ($0.39) EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that JetBlue Airways Co. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen lifted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Susquehanna raised their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Barclays upped their price objective on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Finally, Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.43.

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.