B. Riley Wealth Advisors Inc. Trims Stake in JetBlue Airways Co. (NASDAQ:JBLU)

B. Riley Wealth Advisors Inc. cut its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 9.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,514 shares of the transportation company’s stock after selling 5,817 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in JetBlue Airways were worth $363,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in JetBlue Airways in the 3rd quarter valued at $307,000. Y Intercept Hong Kong Ltd bought a new position in shares of JetBlue Airways in the third quarter worth about $1,973,000. XTX Topco Ltd lifted its holdings in JetBlue Airways by 186.4% during the 3rd quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock valued at $701,000 after buying an additional 69,584 shares in the last quarter. Weiss Asset Management LP purchased a new stake in JetBlue Airways in the 3rd quarter valued at about $1,761,000. Finally, Stifel Financial Corp grew its stake in JetBlue Airways by 21.4% in the 3rd quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company’s stock worth $3,444,000 after acquiring an additional 92,468 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group restated a “sell” rating and set a $5.00 price target on shares of JetBlue Airways in a research note on Tuesday, November 26th. Evercore ISI upped their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Susquehanna increased their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Barclays upped their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.55.

JetBlue Airways Trading Up 2.1 %

NASDAQ JBLU opened at $7.44 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of -2.95 and a beta of 1.92. JetBlue Airways Co. has a 52 week low of $4.49 and a 52 week high of $8.07. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The company has a 50 day moving average price of $6.62 and a 200 day moving average price of $6.05.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm earned ($0.39) EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that JetBlue Airways Co. will post -0.89 EPS for the current fiscal year.

JetBlue Airways Company Profile

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.