JetBlue Airways Corporation (JBLU) : First Mercantile Trust Co reduced its stake in JetBlue Airways Corporation by 3.99% during the most recent quarter end. The investment management company now holds a total of 49,670 shares of JetBlue Airways Corporation which is valued at $863,761 after selling 2,065 shares in JetBlue Airways Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.JetBlue Airways Corporation makes up approximately 0.12% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , 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.Bnp Paribas Arbitrage Sa reduced its stake in JBLU by selling 205,320 shares or 46.04% in the most recent quarter. The Hedge Fund company now holds 240,658 shares of JBLU which is valued at $4,298,152. JetBlue Airways Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in JBLU in the latest quarter, The investment management firm added 1,803 additional shares and now holds a total of 13,954 shares of JetBlue Airways Corporation which is valued at $249,218. JetBlue Airways Corporation makes up approx 0.02% of Eqis Capital Management’s portfolio. Washington Trust Bank added JBLU to its portfolio by purchasing 37 company shares during the most recent quarter which is valued at $661.
JetBlue Airways Corporation closed down -0.23 points or -1.31% at $17.39 with 32,53,044 shares getting traded on Friday. Post opening the session at $17.75, the shares hit an intraday low of $17.35 and an intraday high of $17.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.