Sei Investments Co. decreased its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 47.5% during the second quarter, Holdings Channel reports. The firm owned 391,810 shares of the transportation company’s stock after selling 354,205 shares during the period. Sei Investments Co.’s holdings in JetBlue Airways Corporation were worth $8,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Asset Management Inc boosted its position in shares of JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after buying an additional 155 shares during the period. Arcus Capital Partners LLC boosted its position in shares of JetBlue Airways Corporation by 1.5% in the first quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock worth $240,000 after buying an additional 175 shares during the period. Public Employees Retirement Association of Colorado boosted its position in JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after buying an additional 283 shares during the last quarter. Capstone Asset Management Co. boosted its position in JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock worth $756,000 after buying an additional 360 shares during the last quarter. Finally, Rothschild Investment Corp IL boosted its position in JetBlue Airways Corporation by 1.4% in the second quarter. Rothschild Investment Corp IL now owns 28,075 shares of the transportation company’s stock worth $641,000 after buying an additional 400 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at 21.32 on Friday. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 10.82 and a beta of 0.53. JetBlue Airways Corporation has a 52 week low of $15.70 and a 52 week high of $24.13. The company has a 50 day moving average of $22.65 and a 200-day moving average of $21.42.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business earned $0.53 earnings per share. JetBlue Airways Corporation’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that JetBlue Airways Corporation will post $2.03 earnings per share for the current fiscal year.

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JBLU has been the topic of a number of recent research reports. Vetr cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $24.64 target price on the stock. in a research report on Tuesday, April 25th. Imperial Capital boosted their target price on shares of JetBlue Airways Corporation from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Cowen and Company boosted their target price on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 26th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Finally, Morgan Stanley boosted their target price on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.69.

In other news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the completion of the sale, the executive vice president now directly owns 25,992 shares of the company’s stock, valued at $571,304.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $22.87, for a total value of $45,740.00. Following the completion of the sale, the chief executive officer now directly owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The disclosure for this sale can be found here. Insiders sold 28,740 shares of company stock valued at $646,976 over the last three months. 0.60% of the stock is owned by company insiders.

About JetBlue Airways Corporation

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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

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