Delta Air Lines (DAL) : Highland Capital Management reduced its stake in Delta Air Lines by 9.87% during the most recent quarter end. The investment management company now holds a total of 272,220 shares of Delta Air Lines which is valued at $12,930,450 after selling 29,797 shares in Delta Air Lines , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Delta Air Lines makes up approximately 1.09% of Highland Capital Management’s portfolio.
Delta Air Lines closed down -1.63 points or -3.50% at $44.97 with 1,53,30,348 shares getting traded on Wednesday. Post opening the session at $46.28, the shares hit an intraday low of $44.74 and an intraday high of $46.3099 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Gemmer Asset Management reduced its stake in DAL by selling 79 shares or 21.01% in the most recent quarter. The Hedge Fund company now holds 297 shares of DAL which is valued at $14,108. Delta Air Lines makes up approx 0.01% of Gemmer Asset Management’s portfolio.Acadian Asset Management boosted its stake in DAL in the latest quarter, The investment management firm added 40,554 additional shares and now holds a total of 43,109 shares of Delta Air Lines which is valued at $2,047,678. Delta Air Lines makes up approx 0.01% of Acadian Asset Management’s portfolio. Dnb Asset Management As added DAL to its portfolio by purchasing 14,481 company shares during the most recent quarter which is valued at $687,848. Delta Air Lines makes up approx 0.01% of Dnb Asset Management As’s portfolio.First American Trust Fsb reduced its stake in DAL by selling 18,115 shares or 25.3% in the most recent quarter. The Hedge Fund company now holds 53,474 shares of DAL which is valued at $2,489,215. Delta Air Lines makes up approx 0.88% of First American Trust Fsb’s portfolio.Nadler Financial Group boosted its stake in DAL in the latest quarter, The investment management firm added 1,132 additional shares and now holds a total of 5,472 shares of Delta Air Lines which is valued at $254,722. Delta Air Lines makes up approx 0.11% of Nadler Financial Group’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.