Guggenheim Capital LLC Sells 20,816 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Guggenheim Capital LLC cut its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 37.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,342 shares of the transportation company’s stock after selling 20,816 shares during the period. Guggenheim Capital LLC’s holdings in JetBlue Airways were worth $270,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JBLU. Blue Trust Inc. boosted its holdings in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in JetBlue Airways in the 4th quarter valued at $40,000. Bogart Wealth LLC boosted its holdings in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd bought a new stake in JetBlue Airways in the 4th quarter valued at $58,000. Finally, GAMMA Investing LLC boosted its holdings in JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 3,857 shares during the period. 83.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nik Mittal purchased 100,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.18% of the company’s stock.

JetBlue Airways Trading Down 1.5 %

Shares of JBLU stock opened at $3.88 on Monday. JetBlue Airways Co. has a 12-month low of $3.34 and a 12-month high of $8.31. The company has a market capitalization of $1.37 billion, a P/E ratio of -1.66 and a beta of 1.69. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average price of $5.11 and a 200 day moving average price of $6.29.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the firm earned ($0.19) earnings per share. Research analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on JBLU. Raymond James raised shares of JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a report on Monday, April 7th. Bank of America reduced their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a report on Thursday, April 3rd. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Finally, Susquehanna reduced their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.09.

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.