Delta Air Lines (DAL) : Tipp Hill Capital 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 3, 2016 with the SEC. The investment management company has sold out 35,000 shares of Delta Air Lines which is valued at $1,276,800.
Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in DAL in the latest quarter, The investment management firm added 117,083 additional shares and now holds a total of 276,488 shares of Delta Air Lines which is valued at $10,086,282. Delta Air Lines makes up approx 0.03% of Great West Life Assurance Co Can’s portfolio.Columbus Circle Investors reduced its stake in DAL by selling 350,524 shares or 12.07% in the most recent quarter. The Hedge Fund company now holds 2,554,507 shares of DAL which is valued at $93,188,415. Delta Air Lines makes up approx 0.89% of Columbus Circle Investors’s portfolio.National Investment Services Inc Wi reduced its stake in DAL by selling 3,553 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 87,906 shares of DAL which is valued at $3,387,897. Delta Air Lines makes up approx 3.71% of National Investment Services Inc Wi’s portfolio. Delta Asset Managementtn added DAL to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $7,792.
Delta Air Lines closed down -0.23 points or -0.61% at $37.44 with 1,00,29,115 shares getting traded on Monday. Post opening the session at $37.46, the shares hit an intraday low of $37.36 and an intraday high of $38.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.