PNC Financial Services Group Inc. Has $139,000 Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

PNC Financial Services Group Inc. raised its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 64.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,018 shares of the transportation company’s stock after purchasing an additional 9,777 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JetBlue Airways were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of JetBlue Airways by 41.3% in the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after purchasing an additional 1,861 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of JetBlue Airways by 3.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock valued at $324,000 after purchasing an additional 2,178 shares during the last quarter. Private Advisor Group LLC boosted its stake in JetBlue Airways by 12.5% in the fourth quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock valued at $136,000 after buying an additional 2,717 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in JetBlue Airways by 23.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock valued at $99,000 after acquiring an additional 3,368 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its stake in JetBlue Airways by 18.2% during the fourth quarter. Belpointe Asset Management LLC now owns 24,196 shares of the transportation company’s stock worth $134,000 after acquiring an additional 3,730 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $5.96 on Friday. The stock has a market capitalization of $2.03 billion, a PE ratio of -2.41 and a beta of 1.93. The business’s 50 day simple moving average is $5.71 and its 200 day simple moving average is $6.07. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51. JetBlue Airways Co. has a one year low of $3.42 and a one year high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm posted ($0.34) EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts forecast that JetBlue Airways Co. will post -1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JBLU. UBS Group began coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price target on the stock. Barclays lowered their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Monday, May 6th. Evercore ISI boosted their price objective on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Citigroup dropped their target price on JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, May 29th. Finally, Susquehanna boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.75.

JetBlue Airways Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.