Hennessy Advisors Inc. lowered its stake in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 11.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,345,400 shares of the company’s stock after selling 181,600 shares during the period. Hennessy Advisors Inc.’s holdings in JetBlue Airways Corp. were worth $23,195,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Palo Capital Inc. acquired a new position in shares of JetBlue Airways Corp. during the second quarter valued at approximately $332,000. First Quadrant L P CA raised its stake in shares of JetBlue Airways Corp. by 56.1% in the second quarter. First Quadrant L P CA now owns 648,100 shares of the company’s stock valued at $10,733,000 after buying an additional 232,900 shares in the last quarter. Cribstone Capital Management LLC purchased a new stake in shares of JetBlue Airways Corp. during the second quarter valued at about $115,000. Highland Capital Management LLC raised its stake in shares of JetBlue Airways Corp. by 117.2% in the second quarter. Highland Capital Management LLC now owns 204,850 shares of the company’s stock valued at $3,392,000 after buying an additional 110,550 shares in the last quarter. Finally, Sentinel Trust Co. LBA purchased a new stake in shares of JetBlue Airways Corp. during the second quarter valued at about $1,289,000. Hedge funds and other institutional investors own 81.21% of the company’s stock.

Institutional Ownership by Quarter for JetBlue Airways Corp. (NASDAQ:JBLU)

JetBlue Airways Corp. (NASDAQ:JBLU) traded up 1.12% during trading on Tuesday, reaching $20.83. The company’s stock had a trading volume of 1,409,997 shares. The company has a market capitalization of $6.74 billion, a P/E ratio of 9.25 and a beta of 0.30. JetBlue Airways Corp. has a 12-month low of $14.76 and a 12-month high of $27.00. The firm’s 50-day moving average price is $18.69 and its 200 day moving average price is $17.58.

JetBlue Airways Corp. (NASDAQ:JBLU) last announced its 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 analysts’ expectations of $1.72 billion. JetBlue Airways Corp. had a return on equity of 21.13% and a net margin of 11.66%. JetBlue Airways Corp.’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. On average, analysts predict that JetBlue Airways Corp. will post $2.14 earnings per share for the current fiscal year.

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JBLU has been the subject of several research reports. Vetr raised JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $19.06 target price for the company in a research note on Monday, October 17th. Zacks Investment Research raised JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, October 4th. Credit Suisse Group AG set a $20.00 target price on JetBlue Airways Corp. and gave the stock a “hold” rating in a research note on Monday, September 12th. Morgan Stanley reaffirmed a “hold” rating and issued a $19.00 target price on shares of JetBlue Airways Corp. in a research note on Sunday, August 21st. Finally, Citigroup Inc. initiated coverage on JetBlue Airways Corp. in a research note on Friday, November 18th. They issued a “neutral” rating and a $22.00 target price for the company. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.92.

In other news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corp. stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $15.81, for a total value of $80,947.20. Following the completion of the transaction, the director now owns 599,773 shares in the company, valued at approximately $9,482,411.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corp. stock in a transaction that occurred on 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 approximately $537,389.72. The disclosure for this sale can be found here. 0.70% of the stock is owned by 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.

5 Day Chart for NASDAQ:JBLU

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