JetBlue Airways Corporation (JBLU) : Parametric Risk Advisors reduced its stake in JetBlue Airways Corporation by 13.27% during the most recent quarter end. The investment management company now holds a total of 725,700 shares of JetBlue Airways Corporation which is valued at $13.3 Million after selling 111,000 shares in JetBlue Airways Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.JetBlue Airways Corporation makes up approximately 0.90% of Parametric Risk Advisors’s portfolio.
Other Hedge Funds, Including , Stevens Capital Management Lp reduced its stake in JBLU by selling 181,039 shares or 89.22% in the most recent quarter. The Hedge Fund company now holds 21,877 shares of JBLU which is valued at $399,912. JetBlue Airways Corporation makes up approx 0.02% of Stevens Capital Management Lp’s portfolio.Cupps Capital Management reduced its stake in JBLU by selling 192,610 shares or 80.31% in the most recent quarter. The Hedge Fund company now holds 47,214 shares of JBLU which is valued at $863,072. JetBlue Airways Corporation makes up approx 0.17% of Cupps Capital Management’s portfolio.New Amsterdam Partnersny reduced its stake in JBLU by selling 317,409 shares or 25.63% in the most recent quarter. The Hedge Fund company now holds 920,932 shares of JBLU which is valued at $16.8 Million. JetBlue Airways Corporation makes up approx 1.86% of New Amsterdam Partnersny’s portfolio. Archford Capital Strategies sold out all of its stake in JBLU during the most recent quarter. The investment firm sold 2,568 shares of JBLU which is valued $46,943. Alps Advisors Inc added JBLU to its portfolio by purchasing 23,019 company shares during the most recent quarter which is valued at $420,787.
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.