As Visa (V) Valuation Rose, Sunbelt Securities Has Increased Position; Jetblue Airways (JBLU) Market Value Declined While Nwi Management LP Trimmed by $13.80 Million Its Holding

August 12, 2018 - By Billy Entrekin

JetBlue Airways Corporation (NASDAQ:JBLU) Logo

Nwi Management Lp decreased its stake in Jetblue Airways Corp (JBLU) by 24.73% based on its latest 2018Q1 regulatory filing with the SEC. Nwi Management Lp sold 690,000 shares as the company’s stock declined 10.68% with the market. The hedge fund held 2.10 million shares of the air freight and delivery services company at the end of 2018Q1, valued at $42.67 million, down from 2.79 million at the end of the previous reported quarter. Nwi Management Lp who had been investing in Jetblue Airways Corp for a number of months, seems to be less bullish one the $5.77 billion market cap company. The stock decreased 0.27% or $0.05 during the last trading session, reaching $18.45. About 2.85M shares traded. JetBlue Airways Corporation (NASDAQ:JBLU) has declined 14.91% since August 12, 2017 and is downtrending. It has underperformed by 27.48% the S&P500. Some Historical JBLU News: 22/03/2018 – JetBlue Closes Below 50-Day Moving Average: Technicals; 21/05/2018 – A JetBlue-backed private-jet company will become the launch customer for up to 100 hybrid-to-electric planes; 17/05/2018 – JBLU CEO ROBIN HAYES COMMENTS AT ANNUAL SHAREHOLDER MEETING; 05/04/2018 – JETBLUE ENGINE ORDERS ALONE HAVE LIST PRICE MORE THAN $2 BLN; 02/05/2018 – JetBlue Brings Humanity Back to Air Travel All Over Again With Highly Anticipated A320 Interior Cabin Restyling; 05/04/2018 – Pratt & Whitney wins JetBlue engine order; 24/04/2018 – JETBLUE AIRWAYS CORP – QTRLY TOTAL OPERATING EXPENSES $1626 MLN VS $1458 MLN; 24/04/2018 – JETBLUE SEES EFFECTIVE TAX RATE OF 24%-26% GOING FORWARD; 24/04/2018 – JETBLUE: PLANS TO INCREASE TRANSCON FLIGHTS FROM L.A. BASIN; 24/04/2018 – JETBLUE FIRST QUARTER FINANCIAL CONFERENCE CALL CONCLUDES

Sunbelt Securities Inc increased its stake in Visa Inc (V) by 39.97% based on its latest 2018Q1 regulatory filing with the SEC. Sunbelt Securities Inc bought 4,901 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 17,163 shares of the business services company at the end of 2018Q1, valued at $2.05 million, up from 12,262 at the end of the previous reported quarter. Sunbelt Securities Inc who had been investing in Visa Inc for a number of months, seems to be bullish on the $310.92B market cap company. The stock decreased 0.20% or $0.28 during the last trading session, reaching $139.73. About 6.52M shares traded. Visa Inc. (NYSE:V) has risen 38.13% since August 12, 2017 and is uptrending. It has outperformed by 25.56% the S&P500.

More notable recent JetBlue Airways Corporation (NASDAQ:JBLU) news were published by: Fool.com which released: “An Airbus A321XLR Could Be a Game Changer for JetBlue” on July 21, 2018, also Seekingalpha.com with their article: “JetBlue: Shares Are Ready To Bounce” published on July 20, 2018, Seekingalpha.com published: “JetBlue: Time To Stay Blue?” on July 25, 2018. More interesting news about JetBlue Airways Corporation (NASDAQ:JBLU) were released by: Seekingalpha.com and their article: “JetBlue rides higher after earnings” published on July 24, 2018 as well as Fool.com‘s news article titled: “Here’s Why Shares of JetBlue Airways Corporation Plunged 15% So Far in 2018” with publication date: July 16, 2018.

Among 18 analysts covering Jetblue Airways (NASDAQ:JBLU), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Jetblue Airways had 59 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, March 29 by Stephens. The company was maintained on Friday, January 26 by Cowen & Co. The firm has “Hold” rating given on Monday, April 30 by J.P. Morgan. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Mkt Perform” rating by Raymond James on Wednesday, December 21. The company was maintained on Tuesday, November 22 by Imperial Capital. Imperial Capital initiated JetBlue Airways Corporation (NASDAQ:JBLU) on Friday, September 16 with “Outperform” rating. The firm has “Sell” rating by Bank of America given on Tuesday, January 9. JP Morgan downgraded the shares of JBLU in report on Tuesday, October 13 to “Neutral” rating. The firm earned “Hold” rating on Tuesday, April 24 by Stifel Nicolaus. J.P. Morgan downgraded the stock to “Hold” rating in Wednesday, November 1 report.

Nwi Management Lp, which manages about $5.79B and $1.19B US Long portfolio, upped its stake in Telephone And Data Systems (NYSE:TDS) by 25,000 shares to 750,000 shares, valued at $21.02 million in 2018Q1, according to the filing. It also increased its holding in Spirit Airlines Inc (NASDAQ:SAVE) by 120,000 shares in the quarter, for a total of 330,000 shares, and has risen its stake in Verizon Comm Inc (NYSE:VZ).

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on October, 23. They expect $0.44 EPS, down 20.00% or $0.11 from last year’s $0.55 per share. JBLU’s profit will be $137.65 million for 10.48 P/E if the $0.44 EPS becomes a reality. After $0.38 actual EPS reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts 15.79% EPS growth.

Investors sentiment increased to 1.28 in Q1 2018. Its up 0.56, from 0.72 in 2017Q4. It improved, as 34 investors sold JBLU shares while 93 reduced holdings. 57 funds opened positions while 105 raised stakes. 274.31 million shares or 3.02% less from 282.84 million shares in 2017Q4 were reported. Parallax Volatility Advisers Lp has 25,288 shares. Magnetar Limited Liability Com owns 17,595 shares for 0.01% of their portfolio. First Personal Fincl Svcs reported 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Barclays Public Ltd Co invested in 437,146 shares. Bluemountain Mgmt Ltd Company has invested 0.07% in JetBlue Airways Corporation (NASDAQ:JBLU). Management Assocs Ny holds 19,400 shares or 0.61% of its portfolio. Bnp Paribas Arbitrage owns 67,486 shares. Victory reported 101,472 shares or 0% of all its holdings. Highland Capital LP has invested 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). Bessemer Gp invested in 0% or 3,375 shares. Olstein Cap LP has invested 0.84% in JetBlue Airways Corporation (NASDAQ:JBLU). Cibc Asset Management Incorporated holds 11,071 shares. Palisade Mgmt Ltd Liability Company Nj holds 0.01% or 20,500 shares in its portfolio. Moreover, Bnp Paribas Asset Mgmt Sa has 0.01% invested in JetBlue Airways Corporation (NASDAQ:JBLU). Northern owns 2.41 million shares.

Since March 1, 2018, it had 0 insider purchases, and 10 selling transactions for $730,333 activity. St George Martin J sold $58,170 worth of JetBlue Airways Corporation (NASDAQ:JBLU) on Monday, July 16. 3,000 JetBlue Airways Corporation (NASDAQ:JBLU) shares with value of $67,752 were sold by Chatkewitz Alexander. 16,805 shares were sold by HNAT JAMES G, worth $312,891.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.17, from 1.05 in 2017Q4. It dropped, as 41 investors sold V shares while 684 reduced holdings. 127 funds opened positions while 513 raised stakes. 1.57 billion shares or 2.35% less from 1.61 billion shares in 2017Q4 were reported. Oakwood Management Ltd Llc Ca owns 74,295 shares. Boston Prtn reported 3,602 shares. City Fl has 19,524 shares for 1% of their portfolio. Brown Brothers Harriman Co has 0.03% invested in Visa Inc. (NYSE:V) for 39,207 shares. Da Davidson And reported 0.9% in Visa Inc. (NYSE:V). Lumbard Kellner Limited Liability Corporation, New Hampshire-based fund reported 2,945 shares. Cwh Capital Management Inc invested in 3,350 shares or 0.19% of the stock. Sandy Spring Fincl Bank holds 30,523 shares. Indiana And Mgmt holds 0.31% or 5,524 shares in its portfolio. 259,769 are owned by Gillespie Robinson Grimm Inc. Bar Harbor Trust Svcs has 4.61% invested in Visa Inc. (NYSE:V). Wallington Asset Management Lc reported 2.22% stake. 2.69M were accumulated by Alleghany Corp De. M&R Inc has 2.64% invested in Visa Inc. (NYSE:V). Mariner Limited Company accumulated 0.16% or 38,354 shares.

More news for Visa Inc. (NYSE:V) were recently published by: Seekingalpha.com, which released: “Visa: Buying Opportunity Or Trouble Ahead?” on July 31, 2018. 247Wallst.com‘s article titled: “Nike Returns as Dow’s Top-Performing Stock” and published on August 11, 2018 is yet another important article.

Among 44 analysts covering Visa Inc. (NYSE:V), 35 have Buy rating, 0 Sell and 9 Hold. Therefore 80% are positive. Visa Inc. had 138 analyst reports since July 21, 2015 according to SRatingsIntel. S&P Research downgraded the stock to “Hold” rating in Tuesday, July 28 report. The company was maintained on Thursday, January 4 by RBC Capital Markets. The company was maintained on Wednesday, September 6 by Cowen & Co. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Tuesday, January 9 by Wells Fargo. The firm earned “Buy” rating on Friday, September 22 by RBC Capital Markets. The company was maintained on Thursday, July 20 by RBC Capital Markets. The rating was maintained by Wedbush on Wednesday, July 19 with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $91 target in Tuesday, November 3 report. The firm has “Outperform” rating given on Friday, April 21 by RBC Capital Markets. On Thursday, January 18 the stock rating was maintained by Piper Jaffray with “Buy”.

Since February 14, 2018, it had 0 insider purchases, and 3 sales for $6.34 million activity. MCINERNEY RYAN sold 38,500 shares worth $5.06 million. $1.08 million worth of stock was sold by HOFFMEISTER JAMES H on Monday, April 30.

JetBlue Airways Corporation (NASDAQ:JBLU) Institutional Positions Chart

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