Gmt Capital Corp Lowers stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Gmt Capital Corp reduced its stake in Delta Air Lines by 6.23% during the most recent quarter end. The investment management company now holds a total of 4,388,690 shares of Delta Air Lines which is valued at $182.6 Million after selling 291,600 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 4.64% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , Mrj Capital Inc boosted its stake in DAL in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 88,400 shares of Delta Air Lines which is valued at $3.7 Million. Delta Air Lines makes up approx 2.56% of Mrj Capital Inc’s portfolio.Finemark National Bank Trust boosted its stake in DAL in the latest quarter, The investment management firm added 12,828 additional shares and now holds a total of 75,410 shares of Delta Air Lines which is valued at $3.1 Million. Delta Air Lines makes up approx 0.37% of Finemark National Bank Trust’s portfolio.Dubuque Bank Trust Co boosted its stake in DAL in the latest quarter, The investment management firm added 17,511 additional shares and now holds a total of 55,767 shares of Delta Air Lines which is valued at $2.3 Million. Delta Air Lines makes up approx 0.45% of Dubuque Bank Trust Co’s portfolio.Bryn Mawr Trust Co reduced its stake in DAL by selling 7 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 4,767 shares of DAL which is valued at $200,405. Delta Air Lines makes up approx 0.01% of Bryn Mawr Trust Co’s portfolio.Municipal Employees’ Retirement System Of Michigan reduced its stake in DAL by selling 80 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 23,930 shares of DAL which is valued at $1 Million. Delta Air Lines makes up approx 0.07% of Municipal Employees’ Retirement System Of Michigan’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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