Par Capital Management Lowered By $2.20 Million Its Jetblue Airways (JBLU) Holding; Petroleo Brasileiro SA Petrobras (PBR) SI Increased By 31.35%

June 20, 2017 - By Michael Collier

Par Capital Management Inc decreased Jetblue Airways Corp (JBLU) stake by 2.95% reported in 2016Q4 SEC filing. Par Capital Management Inc sold 100,000 shares as Jetblue Airways Corp (JBLU)’s stock rose 5.82%. The Par Capital Management Inc holds 3.29M shares with $73.82M value, down from 3.39M last quarter. Jetblue Airways Corp now has $7.58 billion valuation. The stock declined 1.44% or $0.33 reaching $22.59 per share. About 3.05 million shares traded. JetBlue Airways Corporation (NASDAQ:JBLU) has risen 18.75% since June 20, 2016 and is uptrending. It has outperformed by 2.05% the S&P500.

Petroleo Brasileiro SA Petrobras (NYSE:PBR) had an increase of 31.35% in short interest. PBR’s SI was 42.31 million shares in June as released by FINRA. Its up 31.35% from 32.21 million shares previously. With 26.89M avg volume, 2 days are for Petroleo Brasileiro SA Petrobras (NYSE:PBR)’s short sellers to cover PBR’s short positions. The SI to Petroleo Brasileiro SA Petrobras’s float is 1.19%. About 17.50 million shares traded. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 39.56% since June 20, 2016 and is uptrending. It has outperformed by 22.86% the S&P500.

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on July, 25. They expect $0.50 earnings per share, down 5.66% or $0.03 from last year’s $0.53 per share. JBLU’s profit will be $167.77M for 11.30 P/E if the $0.50 EPS becomes a reality. After $0.25 actual earnings per share reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Since January 3, 2017, it had 0 buys, and 19 insider sales for $1.70 million activity. $115,261 worth of JetBlue Airways Corporation (NASDAQ:JBLU) was sold by PETERSON JOEL CLINTON on Tuesday, January 3. $22,602 worth of JetBlue Airways Corporation (NASDAQ:JBLU) was sold by HNAT JAMES G. Hayes Robin had sold 2,000 shares worth $40,360 on Wednesday, March 1. 2,500 shares valued at $57,500 were sold by St George Martin J on Thursday, June 8.

Par Capital Management Inc increased Wex Inc (NYSE:WEX) stake by 35,000 shares to 470,000 valued at $52.45M in 2016Q4. It also upped Costar Group Inc (NASDAQ:CSGP) stake by 30,000 shares and now owns 115,000 shares. Isle Of Capri Casinos Inc (NASDAQ:ISLE) was raised too.

Among 10 analysts covering Jetblue Airways (NASDAQ:JBLU), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Jetblue Airways had 24 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, January 25 the stock rating was upgraded by JP Morgan to “Overweight”. The firm earned “Neutral” rating on Friday, November 18 by Citigroup. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Outperform” rating by Imperial Capital on Thursday, December 22. The rating was upgraded by Evercore to “Buy” on Friday, January 29. Argus Research maintained the stock with “Buy” rating in Tuesday, September 8 report. The company was downgraded on Wednesday, October 28 by Credit Suisse. The stock has “Outperform” rating by Imperial Capital on Friday, September 16. As per Wednesday, January 4, the company rating was downgraded by Cowen & Co. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, September 17. Barclays Capital upgraded the shares of JBLU in report on Friday, April 15 to “Overweight” rating.

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.19, from 1.03 in 2016Q3. It fall, as 38 investors sold JBLU shares while 142 reduced holdings. 62 funds opened positions while 90 raised stakes. 268.15 million shares or 3.53% more from 259.00 million shares in 2016Q3 were reported. Fund Sa stated it has 57,578 shares. Perkins Cap Mgmt holds 0.47% or 19,250 shares. Quinn Opportunity Prtnrs Ltd Llc holds 0.91% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 133,700 shares. Leuthold Ltd Limited Liability Company accumulated 0.61% or 244,932 shares. California-based United Cap Finance Advisers has invested 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). Gotham Asset Mgmt Limited Com stated it has 143,840 shares. Fmr Ltd Liability Corp, Massachusetts-based fund reported 26.58 million shares. Manufacturers Life The reported 441,135 shares. First Republic Invest Management has invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Moreover, Voya Ltd has 0.02% invested in JetBlue Airways Corporation (NASDAQ:JBLU). Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.01% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 9,200 shares. Curbstone Mgmt has invested 0.32% in JetBlue Airways Corporation (NASDAQ:JBLU). Alps holds 0.01% or 32,182 shares. The California-based California State Teachers Retirement Sys has invested 0.03% in JetBlue Airways Corporation (NASDAQ:JBLU). Rhumbline Advisers holds 565,966 shares or 0.03% of its portfolio.

Among 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 3 have Buy rating, 4 Sell and 7 Hold. Therefore 21% are positive. Petroleo Brasileiro Petrobras SA had 32 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, May 24 by JP Morgan. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, March 22. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Overweight” rating by Barclays Capital on Tuesday, August 11. The firm earned “Underperform” rating on Thursday, February 4 by JP Morgan. On Friday, May 26 the stock rating was maintained by Credit Suisse with “Buy”. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has “Underperform” rating given on Thursday, May 19 by Raymond James. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Neutral” rating by Bank of America on Friday, September 11. On Thursday, September 15 the stock rating was upgraded by Macquarie Research to “Neutral”. The firm has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. On Tuesday, September 13 the stock rating was downgraded by Tudor Pickering to “Hold”.

Petroleo Brasileiro S.A.-Petrobras specializes in the oil, natural gas and energy industry. The company has market cap of $50.06 billion. The Firm is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. It currently has negative earnings.

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