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 2.12% during the most recent quarter end. The investment management company now holds a total of 4,295,490 shares of Delta Air Lines which is valued at $157,644,483 after selling 93,200 shares in Delta Air Lines , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Delta Air Lines makes up approximately 3.52% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan reduced its stake in DAL by selling 1,026 shares or 78.56% in the most recent quarter. The Hedge Fund company now holds 280 shares of DAL which is valued at $10,276. Waratah Capital Advisors Ltd. sold out all of its stake in DAL during the most recent quarter. The investment firm sold 22,450 shares of DAL which is valued $845,692. Linscomb Williams added DAL to its portfolio by purchasing 8,756 company shares during the most recent quarter which is valued at $329,839. Delta Air Lines makes up approx 0.03% of Linscomb Williams’s portfolio.Cg Asset Management reduced its stake in DAL by selling 9,785 shares or 10.42% in the most recent quarter. The Hedge Fund company now holds 84,080 shares of DAL which is valued at $3,240,443. Delta Air Lines makes up approx 1.24% of Cg Asset Management’s portfolio.Cwm reduced its stake in DAL by selling 107 shares or 13.23% in the most recent quarter. The Hedge Fund company now holds 702 shares of DAL which is valued at $27,350.

Delta Air Lines opened for trading at $36.35 and hit $37.05 on the upside on Monday, eventually ending the session at $36.92, with a gain of 1.57% or 0.57 points. The heightened volatility saw the trading volume jump to 1,07,84,589 shares. Company has a market cap of $27,650 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. 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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