Today: Today: BNP Paribas Arbitrage SA Sold shares of JetBlue Airways Corp. (JBLU)

Today: BNP Paribas Arbitrage SA Sold shares of JetBlue Airways Corp. (JBLU)

BNP Paribas Arbitrage SA cut its position in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 46.0% during the third quarter, Holdings Channel reports. The institutional investor owned 240,658 shares of the company’s stock after selling 205,320 shares during the period. BNP Paribas Arbitrage SA’s holdings in JetBlue Airways Corp. were worth $4,149,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in JBLU. Acrospire Investment Management LLC boosted its position in shares of JetBlue Airways Corp. by 22.6% in the second quarter. Acrospire Investment Management LLC now owns 6,500 shares of the company’s stock worth $108,000 after buying an additional 1,200 shares in the last quarter. Exane Derivatives boosted its position in shares of JetBlue Airways Corp. by 173.3% in the second quarter. Exane Derivatives now owns 6,623 shares of the company’s stock worth $110,000 after buying an additional 4,200 shares in the last quarter. Cribstone Capital Management LLC acquired a new position in shares of JetBlue Airways Corp. during the second quarter worth about $115,000. Advisor Group Inc. acquired a new position in shares of JetBlue Airways Corp. during the second quarter worth about $163,000. Finally, Advance Capital I Inc. acquired a new position in shares of JetBlue Airways Corp. during the second quarter worth about $167,000. Institutional investors own 81.21% of the company’s stock.

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded down 2.18% during mid-day trading on Monday, hitting $20.60. 6,077,909 shares of the company were exchanged. The firm has a 50 day moving average of $18.60 and a 200 day moving average of $17.59. JetBlue Airways Corp. has a 12-month low of $14.76 and a 12-month high of $27.00. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 9.14 and a beta of 0.30.

JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02. The company earned $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. JetBlue Airways Corp. had a net margin of 11.66% and a return on equity of 21.13%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. Equities research analysts forecast that JetBlue Airways Corp. will post $2.14 earnings per share for the current year.

A number of brokerages have recently issued reports on JBLU. Vetr cut shares of JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $19.14 price objective for the company. in a research note on Tuesday, September 13th. Citigroup Inc. assumed coverage on shares of JetBlue Airways Corp. in a research note on Friday, November 18th. They issued a “neutral” rating and a $22.00 price objective for the company. Imperial Capital upped their target price on shares of JetBlue Airways Corp. from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 22nd. Zacks Investment Research raised shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, October 4th. Finally, Credit Suisse Group AG set a $20.00 target price on shares of JetBlue Airways Corp. and gave the stock a “hold” rating in a report on Monday, September 12th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $23.92.

In related news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $20.23, for a total value of $121,380.00. Following the completion of the transaction, the executive vice president now owns 26,564 shares of the company’s stock, valued at $537,389.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $17.43, for a total value of $34,860.00. Following the completion of the transaction, the chief executive officer now directly owns 355,881 shares of the company’s stock, valued at approximately $6,203,005.83. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

About JetBlue Airways Corp.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

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