JetBlue Airways (NASDAQ:JBLU) Shares Down 3.1%

JetBlue Airways Co. (NASDAQ:JBLU) was down 3.1% during mid-day trading on Tuesday . The company traded as low as $5.68 and last traded at $5.69. Approximately 659,278 shares traded hands during trading, a decline of 95% from the average daily volume of 14,202,307 shares. The stock had previously closed at $5.87.

Analyst Ratings Changes

A number of analysts recently issued reports on JBLU shares. Barclays decreased their target price on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Monday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. UBS Group assumed coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price target on the stock. Evercore ISI lifted their price target on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, Citigroup decreased their price target on shares of JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, May 29th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, JetBlue Airways currently has an average rating of “Hold” and an average target price of $5.75.

JetBlue Airways Price Performance

The company’s 50-day moving average price is $5.72 and its two-hundred day moving average price is $6.08. The company has a market cap of $1.95 billion, a P/E ratio of -2.32 and a beta of 1.93. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.78.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.34) EPS. As a group, sell-side analysts expect that JetBlue Airways Co. will post -1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JBLU. Vanguard Group Inc. boosted its holdings in shares of JetBlue Airways by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock valued at $168,845,000 after buying an additional 3,099,071 shares during the period. U S Global Investors Inc. boosted its stake in JetBlue Airways by 24.2% during the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock valued at $54,286,000 after purchasing an additional 1,903,910 shares during the period. American Century Companies Inc. lifted its stake in shares of JetBlue Airways by 49.6% in the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock worth $21,052,000 after acquiring an additional 1,518,328 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of JetBlue Airways by 12.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,450,690 shares of the transportation company’s stock worth $69,101,000 after acquiring an additional 1,354,786 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $7,475,000. 83.71% of the stock is owned by institutional investors and hedge funds.

About JetBlue Airways

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.