Palisade Capital Management LLC NJ decreased its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 45.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 16,000 shares of the transportation company’s stock after selling 13,500 shares during the period. Palisade Capital Management LLC NJ’s holdings in JetBlue Airways Corporation were worth $365,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JBLU. 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 valued at $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 valued at $240,000 after buying an additional 175 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of 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 valued at $240,000 after buying an additional 283 shares during the period. Capstone Asset Management Co. boosted its position in shares of 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 valued at $756,000 after buying an additional 360 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in shares of JetBlue Airways Corporation by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 18,497 shares of the transportation company’s stock valued at $422,000 after buying an additional 398 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) opened at 21.85 on Thursday. The stock’s 50 day moving average price is $22.71 and its 200-day moving average price is $21.42. JetBlue Airways Corporation has a 1-year low of $15.70 and a 1-year high of $24.13. The company has a market capitalization of $7.19 billion, a PE ratio of 11.09 and a beta of 0.53.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company’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 analysts predict that JetBlue Airways Corporation will post $2.03 EPS for the current year.

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Several equities analysts have weighed in on the company. BidaskClub cut JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Stifel Nicolaus restated a “hold” rating and set a $23.00 price objective on shares of JetBlue Airways Corporation in a research note on Friday, May 26th. Imperial Capital restated an “outperform” rating on shares of JetBlue Airways Corporation in a research note on Friday, May 19th. Morgan Stanley restated an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Finally, Vetr upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price objective on the stock in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.69.

In other news, EVP George Martin J. St sold 2,500 shares of the company’s 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 transaction, the executive vice president now directly owns 28,457 shares of the company’s stock, valued at $654,511. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 408,362 shares in the company, valued at $9,339,238.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,740 shares of company stock worth $646,976. Corporate insiders own 0.60% of the company’s stock.

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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