Eagle Asset Management Inc Lowers stake in JetBlue Airways Corporation (JBLU)

JetBlue Airways Corporation (JBLU) : Eagle Asset Management Inc reduced its stake in JetBlue Airways Corporation by 5.2% during the most recent quarter end. The investment management company now holds a total of 4,989,144 shares of JetBlue Airways Corporation which is valued at $89,106,112 after selling 273,477 shares in JetBlue Airways Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.JetBlue Airways Corporation makes up approximately 0.61% of Eagle Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in JBLU in the latest quarter, The investment management firm added 5,834 additional shares and now holds a total of 27,712 shares of JetBlue Airways Corporation which is valued at $494,936.Cutler Group Lp boosted its stake in JBLU in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 9,323 shares of JetBlue Airways Corporation which is valued at $166,322. JetBlue Airways Corporation makes up approx 0.01% of Cutler Group Lp’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in JBLU by selling 13,547 shares or 10.87% in the most recent quarter. The Hedge Fund company now holds 111,044 shares of JBLU which is valued at $1,981,025. JetBlue Airways Corporation makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in JBLU in the latest quarter, The investment management firm added 2,286 additional shares and now holds a total of 2,536 shares of JetBlue Airways Corporation which is valued at $44,101. JetBlue Airways Corporation makes up approx 0.01% of Advisory Services Network’s portfolio. Simplex Trading sold out all of its stake in JBLU during the most recent quarter. The investment firm sold 4,564 shares of JBLU which is valued $79,368.

JetBlue Airways Corporation opened for trading at $18.01 and hit $18.25 on the upside on Tuesday, eventually ending the session at $17.86, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 82,37,075 shares. Company has a market cap of $5,780 M.

On the company’s financial health, JetBlue Airways Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $1643.00 million for the quarter, compared to analysts expectations of $1643.39 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on JetBlue Airways Corporation. Imperial Capital Initiated JetBlue Airways Corporation on Sep 16, 2016 to “Outperform”, Price Target of the shares are set at $21.

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.

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