Delta Air Lines (DAL) : Glacier Peak Capital added new position in Delta Air Lines during the most recent quarter end. The investment management firm now holds 37,500 shares of Delta Air Lines which is valued at $1,363,125 , the company said in a statement filed on Aug 12, 2016 with the SEC.Delta Air Lines makes up approximately 1.36% of Glacier Peak Capital’s portfolio.
Other Hedge Funds, Including , Clinton Group Inc reduced its stake in DAL by selling 20,964 shares or 34.39% in the most recent quarter. The Hedge Fund company now holds 40,002 shares of DAL which is valued at $1,454,073. Delta Air Lines makes up approx 0.06% of Clinton Group Inc’s portfolio.Rhumbline Advisers boosted its stake in DAL in the latest quarter, The investment management firm added 9,772 additional shares and now holds a total of 1,155,512 shares of Delta Air Lines which is valued at $42,002,861. Delta Air Lines makes up approx 0.12% of Rhumbline Advisers’s portfolio. Gareth Morgan Investments Limited Partnership sold out all of its stake in DAL during the most recent quarter. The investment firm sold 81,899 shares of DAL which is valued $2,977,029.Qci Asset Management Incny boosted its stake in DAL in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 417 shares of Delta Air Lines which is valued at $15,708. Jaffetilchin Investment Partners sold out all of its stake in DAL during the most recent quarter. The investment firm sold 6,789 shares of DAL which is valued $255,742.
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.