Twelve Points Wealth Management LLC Sells 1,848 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Twelve Points Wealth Management LLC lowered its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 15.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,242 shares of the transportation company’s stock after selling 1,848 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in JetBlue Airways were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBLU. Creative Planning increased its position in shares of JetBlue Airways by 46.9% during the second quarter. Creative Planning now owns 84,062 shares of the transportation company’s stock valued at $512,000 after acquiring an additional 26,834 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of JetBlue Airways by 11.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 62,331 shares of the transportation company’s stock valued at $380,000 after purchasing an additional 6,179 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of JetBlue Airways during the 2nd quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of JetBlue Airways by 218.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,109 shares of the transportation company’s stock worth $141,000 after buying an additional 15,862 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in JetBlue Airways during the second quarter valued at about $48,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. UBS Group dropped their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday. Susquehanna raised their target price on JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Citigroup upped their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Bank of America reissued an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a report on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.69.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $6.10 on Thursday. The firm’s 50 day simple moving average is $7.18 and its 200 day simple moving average is $6.43. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $2.12 billion, a PE ratio of -2.42 and a beta of 1.84. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same quarter last year, the company posted ($0.19) earnings per share. As a group, analysts expect that JetBlue Airways Co. will post -0.81 earnings per share for the current fiscal year.

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.