Seminole Management Lowers stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Seminole Management reduced its stake in Delta Air Lines by 43.73% during the most recent quarter end. The investment management company now holds a total of 1,702,016 shares of Delta Air Lines which is valued at $70.8 Million after selling 1,322,867 shares in Delta Air Lines , the firm said in a disclosure report filed with the SEC on May 11, 2016.Delta Air Lines makes up approximately 5.83% of Seminole Management’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in DAL by selling 3,164 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 146,235 shares of DAL which is valued at $6.1 Million. Delta Air Lines makes up approx 0.05% of Atlantic Trust Group’s portfolio. Gideon Capital Advisors added DAL to its portfolio by purchasing 8,666 company shares during the most recent quarter which is valued at $360,506. Delta Air Lines makes up approx 0.45% of Gideon Capital Advisors’s portfolio.Norges Bank boosted its stake in DAL in the latest quarter, The investment management firm added 450,430 additional shares and now holds a total of 3,251,618 shares of Delta Air Lines which is valued at $135.3 Million. Delta Air Lines makes up approx 0.07% of Norges Bank’s portfolio.Monetta Financial Services Inc boosted its stake in DAL in the latest quarter, The investment management firm added 14,000 additional shares and now holds a total of 38,000 shares of Delta Air Lines which is valued at $1.6 Million. Delta Air Lines makes up approx 0.99% of Monetta Financial Services Inc’s portfolio.Capital Fund Management S.a. boosted its stake in DAL in the latest quarter, The investment management firm added 700,550 additional shares and now holds a total of 1,074,209 shares of Delta Air Lines which is valued at $45.2 Million. Delta Air Lines makes up approx 0.78% of Capital Fund Management S.a.’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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