Federated Investors Inc. PA Sells 21,523 Shares of JetBlue Airways Corporation (JBLU)
Federated Investors Inc. PA cut its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 475,416 shares of the transportation company’s stock after selling 21,523 shares during the period. Federated Investors Inc. PA owned about 0.14% of JetBlue Airways Corporation worth $10,854,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of JBLU. Quantbot Technologies LP acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth approximately $138,000. James Investment Research Inc. acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth approximately $150,000. Kistler Tiffany Companies LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth approximately $155,000. CENTRAL TRUST Co acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth approximately $162,000. Finally, IFP Advisors Inc increased its position in shares of JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after buying an additional 2,117 shares during the period. 84.54% of the stock is owned by institutional investors.
Shares of JetBlue Airways Corporation (JBLU) opened at 19.59 on Tuesday. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 9.94 and a beta of 0.53. JetBlue Airways Corporation has a one year low of $15.70 and a one year high of $24.13. The stock’s 50 day moving average is $22.02 and its 200-day moving average is $21.45.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. On average, equities research analysts predict that JetBlue Airways Corporation will post $2.02 EPS for the current fiscal year.
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A number of brokerages recently commented on JBLU. Morgan Stanley reduced their price objective on shares of JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price objective on shares of JetBlue Airways Corporation in a research note on Friday, May 26th. BidaskClub downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, July 12th. Finally, Imperial Capital reissued an “outperform” rating on shares of JetBlue Airways Corporation in a research note on Friday, May 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.60.
In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $22.87, for a total transaction of $45,740.00. Following the sale, the chief executive officer now directly owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the sale, the executive vice president now directly owns 28,457 shares in the company, valued at $654,511. The disclosure for this sale can be found here. Insiders sold 28,740 shares of company stock worth $646,976 over the last ninety days. 0.60% of the stock is currently owned by corporate 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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