Gilman Hill Asset Management LLC Sells 13,075 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Gilman Hill Asset Management LLC trimmed its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 281,375 shares of the transportation company’s stock after selling 13,075 shares during the period. Gilman Hill Asset Management LLC’s holdings in JetBlue Airways were worth $2,212,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in JBLU. JPMorgan Chase & Co. boosted its stake in JetBlue Airways by 88.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after buying an additional 2,584,350 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of JetBlue Airways by 715.3% during the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after acquiring an additional 1,430,622 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of JetBlue Airways by 429.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock valued at $8,084,000 after purchasing an additional 999,713 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of JetBlue Airways in the 3rd quarter worth about $5,311,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after purchasing an additional 663,865 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Trading Up 0.4 %

Shares of JBLU opened at $7.64 on Monday. The stock’s fifty day simple moving average is $7.04 and its 200-day simple moving average is $6.34. The firm has a market capitalization of $2.65 billion, a PE ratio of -3.03 and a beta of 1.84. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.28. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted ($0.39) EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, research analysts predict that JetBlue Airways Co. will post -0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JBLU has been the subject of several analyst reports. 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 report on Wednesday, December 18th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Evercore ISI raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. UBS Group reiterated a “sell” rating and issued a $5.00 price objective on shares of JetBlue Airways in a research report on Tuesday, November 26th. Finally, Susquehanna increased their target price on JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.69.

JetBlue Airways 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.