Creative Planning Lowers Holdings in JetBlue Airways Co. (JBLU)
Creative Planning cut its position in JetBlue Airways Co. (NASDAQ:JBLU) by 43.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,331 shares of the transportation company’s stock after selling 172,739 shares during the quarter. Creative Planning’s holdings in JetBlue Airways were worth $5,079,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. M&T Bank Corp raised its stake in shares of JetBlue Airways by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after buying an additional 181 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of JetBlue Airways by 2.8% in the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after buying an additional 310 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of JetBlue Airways by 11.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,414 shares of the transportation company’s stock valued at $329,000 after buying an additional 1,453 shares during the period. National Asset Management Inc. raised its stake in shares of JetBlue Airways by 9.7% in the second quarter. National Asset Management Inc. now owns 20,120 shares of the transportation company’s stock valued at $460,000 after buying an additional 1,771 shares during the period. Finally, First Allied Advisory Services Inc. raised its stake in shares of JetBlue Airways by 5.1% in the second quarter. First Allied Advisory Services Inc. now owns 44,102 shares of the transportation company’s stock valued at $1,002,000 after buying an additional 2,157 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.
In related news, EVP George Martin J. St sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.00, for a total transaction of $69,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total value of $97,075.20. Following the transaction, the director now owns 539,702 shares of the company’s stock, valued at $10,232,749.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,665 shares of company stock valued at $412,388. 0.60% of the stock is owned by company insiders.
Shares of JetBlue Airways Co. (NASDAQ JBLU) opened at $22.57 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. JetBlue Airways Co. has a one year low of $18.05 and a one year high of $24.13. The stock has a market capitalization of $7,240.00, a price-to-earnings ratio of 11.52 and a beta of 0.68.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts anticipate that JetBlue Airways Co. will post 1.76 earnings per share for the current year.
JetBlue Airways declared that its board has approved a stock buyback program on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
JBLU has been the topic of several research reports. Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Stephens began coverage on JetBlue Airways in a research note on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price objective on the stock. BidaskClub upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 11th. Finally, Cowen reiterated a “market perform” rating and set a $24.00 price objective (up from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. JetBlue Airways has an average rating of “Hold” and a consensus target price of $24.09.
JetBlue Airways Profile
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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