Landscape Capital Management L.L.C. Has $4.72 Million Stock Holdings in JetBlue Airways Corporation $JBLU

Landscape Capital Management L.L.C. lowered its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 26.1% during the third quarter, Holdings Channel reports. The fund owned 960,179 shares of the transportation company’s stock after selling 338,813 shares during the period. Landscape Capital Management L.L.C.’s holdings in JetBlue Airways were worth $4,724,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of JetBlue Airways by 131.2% in the first quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after purchasing an additional 51,377 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in JetBlue Airways by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock worth $896,000 after buying an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in JetBlue Airways by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after buying an additional 274,892 shares during the last quarter. United Services Automobile Association bought a new position in JetBlue Airways in the 1st quarter valued at $106,000. Finally, Geode Capital Management LLC increased its stake in shares of JetBlue Airways by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 7,745,777 shares of the transportation company’s stock valued at $32,770,000 after buying an additional 128,622 shares during the period. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Trading Down 0.1%

Shares of NASDAQ:JBLU traded down $0.00 during mid-day trading on Friday, reaching $4.16. The stock had a trading volume of 4,010,469 shares, compared to its average volume of 20,173,713. The firm has a 50 day simple moving average of $5.31 and a two-hundred day simple moving average of $4.93. JetBlue Airways Corporation has a twelve month low of $3.34 and a twelve month high of $6.50. The firm has a market cap of $1.54 billion, a PE ratio of -2.48 and a beta of 1.72. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 3.65.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.04). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) EPS. On average, research analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JBLU shares. Citigroup upgraded JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 target price for the company in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. TD Cowen raised JetBlue Airways from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Evercore upped their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Thursday, January 29th. Finally, Morgan Stanley reduced their target price on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have issued 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 $5.02.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.