HL Financial Services LLC Lowers Stake in JetBlue Airways Co. (JBLU)
HL Financial Services LLC reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 94.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,960 shares of the transportation company’s stock after selling 144,877 shares during the quarter. HL Financial Services LLC’s holdings in JetBlue Airways were worth $200,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC bought a new position in shares of JetBlue Airways during the 3rd quarter valued at approximately $199,000. DekaBank Deutsche Girozentrale boosted its position in shares of JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock valued at $232,000 after acquiring an additional 4,801 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of JetBlue Airways by 2.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 310 shares during the last quarter. Rational Advisors LLC bought a new position in shares of JetBlue Airways during the 3rd quarter valued at approximately $217,000. Finally, GSA Capital Partners LLP bought a new position in shares of JetBlue Airways during the 2nd quarter valued at approximately $281,000. Hedge funds and other institutional investors own 89.71% of the company’s stock.
JBLU has been the subject of a number of analyst reports. Deutsche Bank raised their price target on JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Imperial Capital restated a “buy” rating and issued a $31.00 price target on shares of JetBlue Airways in a research report on Tuesday, October 17th. Stephens initiated coverage on JetBlue Airways in a research report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price target for the company. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price target (up from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Finally, Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.32.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). JetBlue Airways had a return on equity of 14.20% and a net margin of 16.35%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts predict that JetBlue Airways Co. will post 1.88 EPS for the current year.
JetBlue Airways declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 13th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $21.38, for a total transaction of $42,760.00. Following the transaction, the chief executive officer now owns 398,535 shares in the company, valued at $8,520,678.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James G. Hnat sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $20.84, for a total value of $104,200.00. Following the transaction, the executive vice president now owns 9,555 shares in the company, valued at approximately $199,126.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,545 shares of company stock valued at $442,303. Corporate insiders own 0.60% of the company’s stock.
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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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