UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in JetBlue Airways Corporation $JBLU

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 56.2% in the 2nd quarter, Holdings Channel reports. The firm owned 204,192 shares of the transportation company’s stock after selling 262,504 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in JetBlue Airways were worth $1,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its holdings in shares of JetBlue Airways by 509.5% in the first quarter. Quantinno Capital Management LP now owns 649,600 shares of the transportation company’s stock worth $2,871,000 after buying an additional 543,017 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in JetBlue Airways during the second quarter valued at approximately $6,890,000. GSA Capital Partners LLP purchased a new position in JetBlue Airways during the second quarter valued at approximately $1,725,000. Renaissance Technologies LLC increased its holdings in JetBlue Airways by 235.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock worth $9,928,000 after acquiring an additional 1,577,500 shares during the period. Finally, Great Lakes Advisors LLC bought a new stake in JetBlue Airways during the 2nd quarter worth approximately $1,375,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

JBLU stock opened at $4.40 on Friday. The firm has a 50 day simple moving average of $5.34 and a two-hundred day simple moving average of $5.12. The stock has a market cap of $1.66 billion, a PE ratio of -1.84 and a beta of 1.70. JetBlue Airways Corporation has a one year low of $3.87 and a one year high of $6.62. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the company posted ($0.21) EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that JetBlue Airways Corporation will post -2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a report on Friday, July 17th. Wall Street Zen cut shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Bank of America upped their price target on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. TD Cowen lowered their price objective on JetBlue Airways from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Monday, August 24th. Finally, Seaport Research Partners lowered JetBlue Airways from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Seven analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Reduce” and a consensus price target of $5.41.

Key JetBlue Airways News

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue raised its third-quarter revenue outlook and reported that travel demand remained strong, supporting expectations for continued passenger growth. JetBlue Raises Revenue Outlook Despite Cost Headwinds
• Positive Sentiment: JetBlue also raised its revenue per available seat mile outlook, indicating that pricing and passenger revenue trends are stronger than previously expected. JetBlue lowers Q3 capacity outlook but raises RASM outlook
• Neutral Sentiment: Barclays lowered its JBLU price target from $7 to $5 and maintained an “equal weight” rating. The new target still implies potential upside, but the reduction reflects more cautious expectations.
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day days-to-cover ratio, suggesting no meaningful short-selling signal; however, the figures appear inconsistent and may be unreliable.
• Negative Sentiment: JetBlue lowered its third-quarter capacity-growth forecast to 1.5%-3.5%, from 3%-6%, citing summer disruptions and unfavorable weather. Slower capacity growth could limit revenue opportunities. JetBlue Cuts Capacity-Growth Outlook
• Negative Sentiment: The airline increased its third-quarter fuel-price forecast as geopolitical tensions, including the Iran war, keep fuel costs elevated. Higher fuel expense is likely to pressure margins despite strong demand. JetBlue raises third-quarter fuel price forecast
• Negative Sentiment: UBS cut its price target from $5 to $4 and assigned a “sell” rating, signaling concern that rising costs and operational challenges could outweigh the stronger revenue outlook.

Insider Buying and Selling

In related news, CFO Ursula Hurley sold 77,253 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the transaction, the chief financial officer owned 211,099 shares of the company’s stock, valued at $1,215,930.24. This represents a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 81,253 shares of company stock valued at $465,897 over the last quarter. 2.41% of the stock is owned by corporate insiders.

JetBlue Airways Profile

JetBlue Airways Corporation (NASDAQ: JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America, Canada and select destinations in Europe. The company serves leisure and business travelers through a network connecting major cities, focus cities and vacation destinations.

JetBlue offers several travel products and services, including standard economy seating, premium Mint service on select routes, and EvenMore seating with additional legroom and other benefits.