ARP Americas LP bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,742 shares of the transportation company’s stock, valued at approximately $385,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $116,385,000. Morgan Stanley raised its position in shares of Delta Air Lines by 52.8% in the 1st quarter. Morgan Stanley now owns 5,726,585 shares of the transportation company’s stock valued at $163,379,000 after buying an additional 1,979,986 shares in the last quarter. U S Global Investors Inc. increased its position in Delta Air Lines by 989.3% during the 1st quarter. U S Global Investors Inc. now owns 1,178,195 shares of the transportation company’s stock worth $33,614,000 after purchasing an additional 1,070,035 shares in the last quarter. Chilton Investment Co. LLC increased its position in Delta Air Lines by 389.4% during the 1st quarter. Chilton Investment Co. LLC now owns 1,281,719 shares of the transportation company’s stock worth $36,567,000 after purchasing an additional 1,019,810 shares in the last quarter. Finally, Tweedy Browne Co LLC acquired a new position in Delta Air Lines during the 1st quarter worth approximately $26,465,000. 75.27% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Barclays cut shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating in a research report on Monday, May 4th. Deutsche Bank lowered their price objective on shares of Delta Air Lines from $51.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Wednesday, June 24th. Raymond James decreased their price target on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Goldman Sachs Group upped their price target on shares of Delta Air Lines from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.22.
Shares of NYSE:DAL traded up $0.03 during trading on Friday, reaching $24.97. The stock had a trading volume of 17,116,666 shares, compared to its average volume of 24,282,196. The firm’s fifty day moving average is $27.74 and its 200 day moving average is $35.14. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.91 and a current ratio of 0.94. Delta Air Lines, Inc. has a 52 week low of $17.51 and a 52 week high of $62.53. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of -4.28 and a beta of 1.25.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, July 14th. The transportation company reported ($4.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($4.24) by ($0.19). Delta Air Lines had a negative net margin of 10.74% and a negative return on equity of 4.02%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company posted $2.35 earnings per share. The company’s revenue for the quarter was down 88.3% compared to the same quarter last year. On average, research analysts forecast that Delta Air Lines, Inc. will post -8.77 earnings per share for the current fiscal year.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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