Jetblue Airways (JBLU) Stock Declined While Donald Smith & Company Trimmed Stake; Kayne Anderson Capital Advisors LP Has Upped Its Boardwalk Pipeline Partners (BWP) Holding

May 25, 2018 - By whatsonthorold

JetBlue Airways Corporation (NASDAQ:JBLU) Logo

Donald Smith & Company Inc decreased its stake in Jetblue Airways (JBLU) by 34.55% based on its latest 2017Q4 regulatory filing with the SEC. Donald Smith & Company Inc sold 2.23 million shares as the company’s stock declined 11.10% with the market. The institutional investor held 4.23 million shares of the air freight and delivery services company at the end of 2017Q4, valued at $94.46M, down from 6.46M at the end of the previous reported quarter. Donald Smith & Company Inc who had been investing in Jetblue Airways for a number of months, seems to be less bullish one the $6.16 billion market cap company. The stock increased 2.21% or $0.42 during the last trading session, reaching $19.46. About 4.95 million shares traded or 3.04% up from the average. JetBlue Airways Corporation (NASDAQ:JBLU) has declined 1.68% since May 25, 2017 and is downtrending. It has underperformed by 13.23% the S&P500.

Kayne Anderson Capital Advisors Lp increased its stake in Boardwalk Pipeline Partners (BWP) by 4.11% based on its latest 2017Q4 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp bought 76,700 shares as the company’s stock declined 27.31% with the market. The hedge fund held 1.95 million shares of the natural gas distribution company at the end of 2017Q4, valued at $25.10M, up from 1.87 million at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Boardwalk Pipeline Partners for a number of months, seems to be bullish on the $2.63B market cap company. The stock decreased 0.47% or $0.05 during the last trading session, reaching $10.51. About 514,338 shares traded. Boardwalk Pipeline Partners, LP (NYSE:BWP) has declined 42.11% since May 25, 2017 and is downtrending. It has underperformed by 53.66% the S&P500.

Investors sentiment decreased to 0.65 in 2017 Q4. Its down 0.29, from 0.94 in 2017Q3. It fall, as 19 investors sold BWP shares while 55 reduced holdings. 18 funds opened positions while 30 raised stakes. 219.85 million shares or 4.92% less from 231.22 million shares in 2017Q3 were reported. Hsbc Public Ltd Company accumulated 1.17 million shares or 0.02% of the stock. Sg Americas Ltd Llc reported 0.02% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Neuberger Berman Group Inc Inc Ltd Liability Company stated it has 177,305 shares. Clinton Group Incorporated stated it has 0.04% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP). 291,610 were accumulated by Westwood Gru Inc. Bb&T Secs Ltd Co reported 31,360 shares. Massachusetts Ma reported 984,365 shares. Goldman Sachs Gru holds 0.01% or 3.36M shares. Tam Mngmt holds 19.56% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 1.70M shares. Credit Suisse Ag holds 0.02% or 1.75M shares. Conning has invested 0.05% in Boardwalk Pipeline Partners, LP (NYSE:BWP). Perigon Wealth Management Limited Liability accumulated 20 shares. Ubs Asset Mngmt Americas holds 132 shares or 0% of its portfolio. Ngam Advsr Limited Partnership reported 22,729 shares. Tocqueville Asset Mngmt LP reported 577,474 shares or 0.08% of all its holdings.

Among 10 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Boardwalk Pipeline Partners had 25 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) has “Outperform” rating given on Tuesday, February 7 by RBC Capital Markets. On Monday, June 5 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Neutral” rating given on Thursday, July 21 by Ladenburg Thalmann. The rating was maintained by Barclays Capital on Tuesday, February 13 with “Equal-Weight”. Citigroup maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Thursday, November 2 with “Buy” rating. Bank of America maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) on Tuesday, February 13 with “Buy” rating. The firm earned “Neutral” rating on Thursday, September 29 by Janney Capital. The firm has “Sell” rating given on Friday, November 17 by Goldman Sachs. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, August 1. UBS maintained the stock with “Buy” rating in Friday, March 2 report.

Another recent and important Boardwalk Pipeline Partners, LP (NYSE:BWP) news was published by Nasdaq.com which published an article titled: “What’s Next For Oil?” on May 16, 2018.

Kayne Anderson Capital Advisors Lp, which manages about $18.02 billion and $7.86 billion US Long portfolio, decreased its stake in Eqt Gp Hldgs Lp by 33,200 shares to 1.30 million shares, valued at $34.87M in 2017Q4, according to the filing. It also reduced its holding in Enbridge Inc (NYSE:ENB) by 342,047 shares in the quarter, leaving it with 1.55M shares, and cut its stake in Hoegh Lng Partners Lp (NYSE:HMLP).

Among 18 analysts covering Jetblue Airways (NASDAQ:JBLU), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Jetblue Airways had 55 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by J.P. Morgan on Monday, April 30. The firm has “Equal-Weight” rating given on Thursday, April 12 by Morgan Stanley. The firm has “Neutral” rating given on Wednesday, July 26 by Buckingham Research. The company was initiated on Thursday, December 15 by Barclays Capital. The stock has “Outperform” rating by Imperial Capital on Friday, October 28. The firm has “Neutral” rating by Citigroup given on Friday, November 18. Evercore maintained it with “Hold” rating and $43 target in Friday, September 4 report. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Hold” rating by Stifel Nicolaus on Wednesday, January 10. Imperial Capital maintained JetBlue Airways Corporation (NASDAQ:JBLU) on Monday, January 30 with “Outperform” rating. The firm has “Outperform” rating given on Friday, January 26 by Imperial Capital.

Investors sentiment decreased to 0.72 in Q4 2017. Its down 0.51, from 1.23 in 2017Q3. It fall, as 44 investors sold JBLU shares while 127 reduced holdings. 41 funds opened positions while 82 raised stakes. 282.84 million shares or 0.36% more from 281.83 million shares in 2017Q3 were reported. Sfmg Ltd Liability Co accumulated 13,008 shares. Raymond James & Associates owns 111,597 shares or 0% of their US portfolio. One Trading Lp reported 105,948 shares or 0.02% of all its holdings. Quantum reported 355,452 shares. Stratos Wealth Prtn stated it has 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Moreover, Advantus Cap Mgmt has 0.02% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 39,494 shares. Royal Bancshares Of Canada holds 349,481 shares or 0% of its portfolio. Citigroup has invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Parallax Volatility Advisers Limited Partnership has 72,195 shares for 0% of their portfolio. Voya Management Limited Liability reported 0.02% in JetBlue Airways Corporation (NASDAQ:JBLU). Burns J W And Incorporated, a New York-based fund reported 18,000 shares. Credit Suisse Ag holds 0.09% in JetBlue Airways Corporation (NASDAQ:JBLU) or 4.48 million shares. State Of Wisconsin Investment Board has invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Lpl Financial Lc accumulated 137,859 shares or 0.01% of the stock. Carroll Fincl Assoc has invested 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU).

Since December 7, 2017, it had 0 insider purchases, and 10 selling transactions for $561,342 activity. HNAT JAMES G sold 5,000 shares worth $104,175. 2,500 JetBlue Airways Corporation (NASDAQ:JBLU) shares with value of $53,975 were sold by St George Martin J. $67,752 worth of stock was sold by Chatkewitz Alexander on Tuesday, March 13.

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on July, 24. They expect $0.42 earnings per share, down 34.38% or $0.22 from last year’s $0.64 per share. JBLU’s profit will be $132.93M for 11.58 P/E if the $0.42 EPS becomes a reality. After $0.27 actual earnings per share reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts 55.56% EPS growth.

Donald Smith & Company Inc, which manages about $6.25B and $4.14 billion US Long portfolio, upped its stake in Citigroup (NYSE:C) by 110,754 shares to 1.91 million shares, valued at $142.33 million in 2017Q4, according to the filing. It also increased its holding in Iamgold Corp (NYSE:IAG) by 2.29 million shares in the quarter, for a total of 44.24 million shares, and has risen its stake in Aspen Insurance (NYSE:AHL).

More important recent JetBlue Airways Corporation (NASDAQ:JBLU) news were published by: Seekingalpha.com which released: “JetBlue Continues Trading At A Large Discount Despite 10% Revenue Growth” on May 17, 2018, also Seekingalpha.com published article titled: “JetBlue sees 6% gain revenue miles”, Seekingalpha.com published: “Cloudy Skies Ahead For JetBlue” on May 18, 2018. More interesting news about JetBlue Airways Corporation (NASDAQ:JBLU) was released by: Fool.com and their article: “JetBlue Airways Closes in on a Pilot Contract” with publication date: May 15, 2018.

Boardwalk Pipeline Partners, LP (NYSE:BWP) Institutional Positions Chart

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