Ownership Don’t Lie: Jetblue Airways Corp (NASDAQ:JBLU) Institutional Investors 2016 Q2 Sentiment

November 29, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Don't Lie: Jetblue Airways Corp (NASDAQ:JBLU) Institutional Investors  2016 Q2 Sentiment

Sentiment for Jetblue Airways Corp (NASDAQ:JBLU)

Jetblue Airways Corp (NASDAQ:JBLU) institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.12, from 0.91 in 2016Q1. The ratio has increased, as 175 funds started new and increased stock positions, while 192 reduced and sold their stock positions in Jetblue Airways Corp. The funds in our partner’s database now own: 251.88 million shares, down from 267.66 million shares in 2016Q1. Also, the number of funds holding Jetblue Airways Corp in their top 10 stock positions decreased from 6 to 2 for a decrease of 4. Sold All: 68 Reduced: 124 Increased: 131 New Position: 44.

JetBlue Airways Corporation is a passenger carrier company. The company has a market cap of $6.52 billion. The Firm provides air transportation services across the United States, the Caribbean and Latin America. It has a 9.14 P/E ratio. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

About 1,271 shares traded hands. JetBlue Airways Corporation (NASDAQ:JBLU) has risen 1.33% since April 26, 2016 and is uptrending. It has underperformed by 3.93% the S&P500.

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on January, 26. They expect $0.44 earnings per share, down 21.43% or $0.12 from last year’s $0.56 per share. JBLU’s profit will be $138.32M for 11.78 P/E if the $0.44 EPS becomes a reality. After $0.58 actual earnings per share reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts -24.14% negative EPS growth.

According to Zacks Investment Research, “JetBlue Airways is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes and is based in New York’s John F. Kennedy International Airport.”

Donald Smith & Co. Inc. holds 5.38% of its portfolio in JetBlue Airways Corporation for 5.72 million shares. Csat Investment Advisory L.P. owns 131,470 shares or 4.57% of their US portfolio. Moreover, Nwi Management Lp has 2.77% invested in the company for 2.01 million shares. The New York-based Garrison Bradford & Associates Inc has invested 2.39% in the stock. Tanaka Capital Management Inc, a New York-based fund reported 48,144 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 17 sales for $1.44 million net activity.

JetBlue Airways Corporation (NASDAQ:JBLU) Ratings Coverage

Ratings analysis reveals 63% of Jetblue Airways’s analysts are positive. Out of 8 Wall Street analysts rating Jetblue Airways, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $21 while the high is $43. The stock’s average target of $28.29 is 36.40% above today’s ($20.74) share price. JBLU was included in 16 notes of analysts from July 29, 2015. The rating was initiated by Citigroup on Friday, November 18 with “Neutral”. The firm has “Buy” rating by Argus Research given on Tuesday, September 8. JP Morgan downgraded the shares of JBLU in a report on Tuesday, October 13 to “Neutral” rating. The firm has “Buy” rating by Evercore given on Friday, January 29. The company was maintained on Tuesday, November 22 by Imperial Capital. The company was maintained on Friday, September 4 by Evercore. Imperial Capital maintained the stock with “Outperform” rating in Friday, October 28 report. The firm has “Neutral” rating by Credit Suisse given on Wednesday, October 28. Barclays Capital maintained it with “Equal-Weight” rating and $32 target price in Thursday, September 17 report. As per Friday, April 15, the company rating was upgraded by Barclays Capital.

JBLU Company Profile

JetBlue Airways Corporation (JetBlue), incorporated on August 24, 1998, is a passenger carrier company. The Firm provides air transportation services across the United States, the Caribbean and Latin America. The Firm operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Firm has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Firm provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares include different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Firm also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. The Company’s Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with its Mint offering have over 160 seats. The Company’s Airbus A320 aircraft has approximately 150 seats while its Embraer E190 aircraft has over 100 seats.

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By Adrian Mccoy


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