Mackenzie Financial Corp decreased its position in JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) by 55.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,359 shares of the transportation company's stock after selling 62,992 shares during the quarter. Mackenzie Financial Corp's holdings in JetBlue Airways were worth $430,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in JBLU. Victory Capital Management Inc. grew its stake in shares of JetBlue Airways by 79.9% in the 1st quarter. Victory Capital Management Inc. now owns 69,899 shares of the transportation company's stock worth $770,000 after acquiring an additional 31,038 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of JetBlue Airways by 1.5% in the 1st quarter. California Public Employees Retirement System now owns 642,159 shares of the transportation company's stock worth $9,600,000 after acquiring an additional 9,298 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of JetBlue Airways by 10.9% in the 1st quarter. New York State Common Retirement Fund now owns 349,641 shares of the transportation company's stock worth $5,227,000 after acquiring an additional 34,372 shares in the last quarter. Royce & Associates LP grew its stake in shares of JetBlue Airways by 1.0% in the 1st quarter. Royce & Associates LP now owns 986,659 shares of the transportation company's stock worth $14,751,000 after acquiring an additional 10,238 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in shares of JetBlue Airways in the 1st quarter worth $410,000. Institutional investors own 72.18% of the company's stock.
Get JetBlue Airways alerts:Wall Street Analyst Weigh In
Several equities analysts recently weighed in on JBLU shares. StockNews.com upgraded shares of JetBlue Airways from a "sell" rating to a "hold" rating in a research report on Wednesday, October 26th. Cowen reduced their price target on shares of JetBlue Airways to $10.00 in a research report on Tuesday, August 9th. Melius started coverage on shares of JetBlue Airways in a research report on Monday, August 15th. They set a "hold" rating for the company. Bank of America started coverage on shares of JetBlue Airways in a research report on Thursday, August 4th. They set a "neutral" rating and a $10.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of JetBlue Airways from $16.00 to $10.00 in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.68.
JetBlue Airways Trading Up 0.6 %
Shares of JetBlue Airways stock opened at $7.98 on Friday. JetBlue Airways Co. has a 12-month low of $6.21 and a 12-month high of $16.39. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -5.02 and a beta of 1.51. The company has a current ratio of 0.67, a quick ratio of 0.65 and a debt-to-equity ratio of 0.92. The company's 50-day moving average price is $7.37 and its 200-day moving average price is $8.33.JetBlue Airways (NASDAQ:JBLU – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.03). JetBlue Airways had a negative return on equity of 12.67% and a negative net margin of 6.00%. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company posted ($0.12) earnings per share. The company's quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities analysts expect that JetBlue Airways Co. will post -0.81 earnings per share for the current fiscal year.
JetBlue Airways Profile
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JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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