Duality Advisers LP Reduces Position in JetBlue Airways Co. (NASDAQ:JBLU)

Duality Advisers LP lessened its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 40.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,623 shares of the transportation company’s stock after selling 42,263 shares during the quarter. Duality Advisers LP’s holdings in JetBlue Airways were worth $348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in shares of JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 1,861 shares during the period. Signaturefd LLC boosted its stake in shares of JetBlue Airways by 72.8% during the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 2,751 shares during the period. Performa Ltd US LLC boosted its stake in shares of JetBlue Airways by 96.6% during the third quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 2,800 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of JetBlue Airways by 23.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 3,368 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of JetBlue Airways by 4.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 99,083 shares of the transportation company’s stock valued at $456,000 after purchasing an additional 4,239 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $5.78 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $1.97 billion, a P/E ratio of -2.34 and a beta of 1.86. The business has a fifty day simple moving average of $6.86 and a two-hundred day simple moving average of $5.66. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.34) earnings per share. On average, equities analysts forecast that JetBlue Airways Co. will post -0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on JBLU shares. Evercore ISI upped their target price on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Susquehanna raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.00 to $9.00 in a research note on Tuesday, February 20th. Barclays started coverage on JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price target for the company. Finally, UBS Group started coverage on JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price target for the company. 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.78.

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.