E&g Advisors Lp buys $4,060,870 stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : E&g Advisors Lp scooped up 38 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 85,492 shares of Delta Air Lines which is valued at $4,060,870.Delta Air Lines makes up approximately 2.63% of E&g Advisors Lp’s portfolio.

Delta Air Lines closed down -0.99 points or -2.04% at $47.5 with 1,18,22,179 shares getting traded on Friday. Post opening the session at $48.74, the shares hit an intraday low of $47.15 and an intraday high of $48.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Atalanta Sosnoff Capital reduced its stake in DAL by selling 253,209 shares or 16.0% in the most recent quarter. The Hedge Fund company now holds 1,328,855 shares of DAL which is valued at $63,120,613. Delta Air Lines makes up approx 1.97% of Atalanta Sosnoff Capital’s portfolio.Central Trust Co boosted its stake in DAL in the latest quarter, The investment management firm added 2,285 additional shares and now holds a total of 88,910 shares of Delta Air Lines which is valued at $4,223,225. Delta Air Lines makes up approx 0.33% of Central Trust Co’s portfolio.Denali Advisors reduced its stake in DAL by selling 14,100 shares or 9.26% in the most recent quarter. The Hedge Fund company now holds 138,200 shares of DAL which is valued at $6,564,500. Delta Air Lines makes up approx 1.46% of Denali Advisors’s portfolio. Pensionfund Dsm Netherlands added DAL to its portfolio by purchasing 64,000 company shares during the most recent quarter which is valued at $2,979,200. Delta Air Lines makes up approx 0.41% of Pensionfund Dsm Netherlands’s portfolio. Pensionfund Sabic added DAL to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $1,396,500. Delta Air Lines makes up approx 0.43% of Pensionfund Sabic’s portfolio.

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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