Ashford Investment Management Exits Position in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Ashford Investment Management has sold out all of its stake in Delta Air Lines during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 54,000 shares of Delta Air Lines which is valued at $1,962,900.

Other Hedge Funds, Including , Wexford Capital Lp sold out all of its stake in DAL during the most recent quarter. The investment firm sold 7,000 shares of DAL which is valued $254,450.Md Sass Investors Services Inc boosted its stake in DAL in the latest quarter, The investment management firm added 631,080 additional shares and now holds a total of 2,074,807 shares of Delta Air Lines which is valued at $75,419,234. Delta Air Lines makes up approx 3.84% of Md Sass Investors Services Inc’s portfolio.Tarbox Group reduced its stake in DAL by selling 214 shares or 76.98% in the most recent quarter. The Hedge Fund company now holds 64 shares of DAL which is valued at $2,480.Cornerstone Advisors reduced its stake in DAL by selling 14 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 250 shares of DAL which is valued at $9,635. Delta Air Lines makes up approx 0.01% of Cornerstone Advisors’s portfolio.Robeco Institutional Asset Management B.v. reduced its stake in DAL by selling 31,429 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 1,020,607 shares of DAL which is valued at $39,762,849. Delta Air Lines makes up approx 0.29% of Robeco Institutional Asset Management B.v.’s portfolio.

Delta Air Lines opened for trading at $36.27 and hit $36.6 on the upside on Monday, eventually ending the session at $36.55, with a gain of 1.27% or 0.46 points. The heightened volatility saw the trading volume jump to 56,74,560 shares. Company has a market cap of $27,373 M.

On the company’s financial health, Delta Air Lines reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.42. The company had revenue of $10447.00 million for the quarter, compared to analysts expectations of $10479.70 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Delta Air Lines. Imperial Capital Initiated Delta Air Lines on Aug 24, 2016 to “In-line”, Price Target of the shares are set at $41.Shares were Reiterated by Cowen on Jul 6, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $60 .

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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