Mutual of America Capital Management LLC Grows Stock Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Mutual of America Capital Management LLC raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLUGet Rating) by 2.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 290,020 shares of the transportation company’s stock after buying an additional 5,557 shares during the period. Mutual of America Capital Management LLC’s holdings in JetBlue Airways were worth $4,336,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of JetBlue Airways by 53.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,822 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,338 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of JetBlue Airways in the 1st quarter valued at approximately $1,270,000. SG Americas Securities LLC raised its position in shares of JetBlue Airways by 332.3% in the 1st quarter. SG Americas Securities LLC now owns 103,361 shares of the transportation company’s stock valued at $1,545,000 after purchasing an additional 79,450 shares during the last quarter. Comerica Bank raised its position in shares of JetBlue Airways by 1.0% in the 1st quarter. Comerica Bank now owns 147,631 shares of the transportation company’s stock valued at $1,927,000 after purchasing an additional 1,475 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of JetBlue Airways in the 1st quarter valued at approximately $94,000. 78.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on JBLU. Morgan Stanley decreased their price objective on shares of JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price target for the stock from $21.00 to $16.00 in a research report on Friday, April 22nd. StockNews.com started coverage on shares of JetBlue Airways in a research report on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. lowered shares of JetBlue Airways from an “overweight” rating to an “underweight” rating and reduced their price target for the stock from $24.00 to $12.00 in a research report on Tuesday, April 26th. Finally, Wolfe Research lowered shares of JetBlue Airways from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.88.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $8.44 on Tuesday. The company’s fifty day moving average price is $9.15 and its 200 day moving average price is $12.04. JetBlue Airways Co. has a 1 year low of $7.87 and a 1 year high of $16.65. The stock has a market capitalization of $2.71 billion, a P/E ratio of -14.30 and a beta of 1.53. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.81.

JetBlue Airways (NASDAQ:JBLUGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The transportation company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.05. JetBlue Airways had a negative net margin of 2.70% and a negative return on equity of 16.23%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned ($1.48) EPS. The firm’s revenue for the quarter was up 136.8% compared to the same quarter last year. As a group, equities research analysts anticipate that JetBlue Airways Co. will post -0.73 earnings per share for the current fiscal year.

About JetBlue Airways

(Get Rating)

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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