First Mercantile Trust Co. decreased its position in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 51,735 shares of the company’s stock after selling 1,036 shares during the period. First Mercantile Trust Co.’s holdings in JetBlue Airways Corp. were worth $856,000 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. Bank of Montreal Can bought a new stake in JetBlue Airways Corp. during the second quarter valued at about $51,541,000. Vanguard Group Inc. boosted its stake in JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock valued at $445,345,000 after buying an additional 1,560,560 shares in the last quarter. Norges Bank bought a new stake in JetBlue Airways Corp. during the fourth quarter valued at about $33,966,000. Renaissance Technologies LLC boosted its stake in JetBlue Airways Corp. by 21.9% in the first quarter. Renaissance Technologies LLC now owns 5,542,500 shares of the company’s stock valued at $117,058,000 after buying an additional 994,100 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in JetBlue Airways Corp. by 52.8% in the second quarter. American Century Companies Inc. now owns 2,633,712 shares of the company’s stock valued at $43,614,000 after buying an additional 909,876 shares in the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.22 on Tuesday. JetBlue Airways Corp. has a one year low of $14.76 and a one year high of $27.09. The firm has a 50-day moving average of $16.67 and a 200-day moving average of $18.25. The firm has a market capitalization of $5.57 billion, a P/E ratio of 7.65 and a beta of 0.44.

JetBlue Airways Corp. (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, equities analysts predict that JetBlue Airways Corp. will post $2.18 earnings per share for the current fiscal year.

Several analysts have weighed in on JBLU shares. Zacks Investment Research lowered shares of JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. JPMorgan Chase & Co. lowered their target price on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Vetr upgraded shares of JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $20.58 target price for the company in a research note on Wednesday, July 20th. Cowen and Company reiterated a “buy” rating and set a $23.00 target price on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $23.96.

In other JetBlue Airways Corp. news, CEO Robin Hayes sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $16.18, for a total transaction of $80,900.00. Following the transaction, the chief executive officer now owns 359,881 shares in the company, valued at $5,822,874.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $18.27, for a total value of $93,542.40. Following the transaction, the director now owns 604,893 shares in the company, valued at approximately $11,051,395.11. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

About JetBlue Airways Corp.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

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