Alberta Investment Management Corp lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 27.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,800 shares of the transportation company’s stock after purchasing an additional 86,200 shares during the quarter. Alberta Investment Management Corp owned 0.06% of Delta Air Lines worth $23,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in Delta Air Lines by 207.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,075,433 shares of the transportation company’s stock worth $117,781,000 after purchasing an additional 1,400,082 shares in the last quarter. Man Group plc raised its holdings in shares of Delta Air Lines by 493.2% during the 2nd quarter. Man Group plc now owns 292,800 shares of the transportation company’s stock worth $16,616,000 after acquiring an additional 243,441 shares in the last quarter. Cahill Financial Advisors Inc. raised its holdings in shares of Delta Air Lines by 7.3% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 18,016 shares of the transportation company’s stock worth $1,023,000 after acquiring an additional 1,230 shares in the last quarter. Zebra Capital Management LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter worth approximately $588,000. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter worth approximately $12,417,000. Institutional investors own 86.07% of the company’s stock.
Shares of Delta Air Lines stock traded down $0.15 on Friday, hitting $52.95. The stock had a trading volume of 10,075,210 shares, compared to its average volume of 6,973,904. The company’s 50 day moving average price is $57.15 and its 200 day moving average price is $57.16. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.95. The stock has a market cap of $34.43 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.57 and a beta of 1.16. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $63.44.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.06. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post 7.07 EPS for the current fiscal year.
DAL has been the topic of several analyst reports. Cowen cut their target price on Delta Air Lines from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Argus downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday. Imperial Capital upped their price objective on Delta Air Lines from $61.00 to $63.00 and gave the company an “in-line” rating in a research report on Wednesday, July 10th. Credit Suisse Group cut their price objective on Delta Air Lines from $72.00 to $71.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Morgan Stanley dropped their price target on Delta Air Lines from $63.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.63.
In related news, President Glen W. Hauenstein sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $63.03, for a total value of $3,151,500.00. Following the sale, the president now owns 267,526 shares in the company, valued at approximately $16,862,163.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 6,384 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $61.96, for a total value of $395,552.64. Following the sale, the senior vice president now owns 23,010 shares in the company, valued at approximately $1,425,699.60. The disclosure for this sale can be found here. Insiders have sold a total of 83,285 shares of company stock worth $5,219,381 in the last quarter. 0.47% of the stock is currently owned by insiders.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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