JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,903 shares of the transportation company’s stock after selling 14,192 shares during the period. Illinois Municipal Retirement Fund’s holdings in JetBlue Airways were worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JBLU. Allspring Global Investments Holdings LLC acquired a new stake in shares of JetBlue Airways during the 1st quarter valued at about $25,000. GAMMA Investing LLC grew its holdings in JetBlue Airways by 169.8% in the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 2,377 shares during the period. YHB Investment Advisors Inc. purchased a new stake in shares of JetBlue Airways in the first quarter valued at approximately $30,000. Resonant Capital Advisors LLC purchased a new stake in shares of JetBlue Airways in the first quarter valued at approximately $74,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of JetBlue Airways during the 3rd quarter worth approximately $47,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Evercore ISI lifted their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. UBS Group initiated coverage on JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price objective for the company. Susquehanna raised their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, Barclays dropped their target price 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. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.75.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $6.09 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. The business has a 50-day moving average of $5.73 and a 200 day moving average of $6.08. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $8.96.

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

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.