Castle Creek Arbitrage Exits Position in JetBlue Airways Corporation (JBLU)

JetBlue Airways Corporation (JBLU) : Castle Creek Arbitrage has sold out all of its stake in JetBlue Airways Corporation during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 3,132 shares of JetBlue Airways Corporation which is valued at $57,253.

Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in JBLU during the most recent quarter. The investment firm sold 161,100 shares of JBLU which is valued $2.9 Million.Convergence Investment Partners reduced its stake in JBLU by selling 118,304 shares or 71.83% in the most recent quarter. The Hedge Fund company now holds 46,393 shares of JBLU which is valued at $848,064. JetBlue Airways Corporation makes up approx 0.10% of Convergence Investment Partners’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in JBLU during the most recent quarter. The investment firm sold 32,049 shares of JBLU which is valued $585,856.American Century Companies Inc boosted its stake in JBLU in the latest quarter, The investment management firm added 10,034 additional shares and now holds a total of 215,313 shares of JetBlue Airways Corporation which is valued at $4.1 Million.Great West Life Assurance Co Can reduced its stake in JBLU by selling 37,900 shares or 32.84% in the most recent quarter. The Hedge Fund company now holds 77,500 shares of JBLU which is valued at $1.5 Million. JetBlue Airways Corporation makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.

JetBlue Airways Corporation closed down -0.03 points or -0.17% at $18.04 with 35,04,523 shares getting traded on Wednesday. Post opening the session at $18.14, the shares hit an intraday low of $18.04 and an intraday high of $18.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, JetBlue Airways Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.53. The company had revenue of $1616.00 million for the quarter, compared to analysts expectations of $1617.26 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on JetBlue Airways Corporation. Cowen Upgraded JetBlue Airways Corporation on Apr 27, 2016 to ” Outperform”, Price Target of the shares are set at $24.Shares were Upgraded by Barclays on Apr 15, 2016 to ” Overweight” and Lowered the Price Target to $ 26 from a previous price target of $29 .Shares were Reiterated by Deutsche Bank on Apr 1, 2016 to “Buy” and Lowered the Price Target to $ 31 from a previous price target of $32 .

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States Caribbean and Latin America. The Company operates Airbus A321 Airbus A320 and EMBRAER 190 aircraft types. The Company’s firm aircraft orders consists of approximately 33 Airbus A321 aircraft 25 Airbus A320 new engine option (A320neo) aircraft 45 Airbus A321 new engine option aircraft 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet which consists of approximately 13 Airbus A321 aircraft 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states the District of Columbia the Commonwealth of Puerto Rico the United States Virgin Islands and 17 countries in the Caribbean and Latin America.

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