Credit Capital Investments buys $10 Million stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Credit Capital Investments scooped up 12,000 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 240,701 shares of Delta Air Lines which is valued at $10 Million.Delta Air Lines makes up approximately 8.05% of Credit Capital Investments’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in DAL in the latest quarter, The investment management firm added 166,514 additional shares and now holds a total of 824,890 shares of Delta Air Lines which is valued at $34.3 Million. Delta Air Lines makes up approx 0.23% of Teacher Retirement System Of Texas’s portfolio.First Heartland Consultants reduced its stake in DAL by selling 33 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 14,720 shares of DAL which is valued at $612,352. Delta Air Lines makes up approx 0.23% of First Heartland Consultants’s portfolio.Hudock Capital Group boosted its stake in DAL in the latest quarter, The investment management firm added 1,201 additional shares and now holds a total of 1,452 shares of Delta Air Lines which is valued at $61,042. Delta Air Lines makes up approx 0.03% of Hudock Capital Group’s portfolio.Parkwood boosted its stake in DAL in the latest quarter, The investment management firm added 94,469 additional shares and now holds a total of 107,865 shares of Delta Air Lines which is valued at $4.5 Million. Delta Air Lines makes up approx 0.78% of Parkwood’s portfolio.

Delta Air Lines opened for trading at $42.55 and hit $43.16 on the upside on Monday, eventually ending the session at $43, with a gain of 3.37% or 1.4 points. The heightened volatility saw the trading volume jump to 1,23,03,132 shares. Company has a market cap of $33,178 M.

On the company’s financial health, Delta Air Lines reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 14, 2016. Analyst had a consensus of $1.29. The company had revenue of $9251.00 million for the quarter, compared to analysts expectations of $9265.45 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Delta Air Lines. Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 55 from a previous price target of $68 .

Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam Atlanta Detroit Los Angeles Minneapolis-St. Paul New York-LaGuardia New York-JFK Paris-Charles de Gaulle Salt Lake City Seattle and Tokyo-Narita. The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

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