ARP Americas LP bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,742 shares of the transportation company’s stock, valued at approximately $385,000.
Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Delta Air Lines during the 2nd quarter valued at $49,000. Campbell Wealth Management acquired a new stake in Delta Air Lines during the 2nd quarter valued at $25,000. Bedel Financial Consulting Inc. raised its stake in Delta Air Lines by 143.6% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 899 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 530 shares during the period. Bourgeon Capital Management LLC raised its stake in Delta Air Lines by 400.0% during the 2nd quarter. Bourgeon Capital Management LLC now owns 1,000 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 800 shares during the period. Finally, Endurance Wealth Management Inc. acquired a new stake in Delta Air Lines during the 1st quarter valued at $29,000. 75.27% of the stock is currently owned by institutional investors.
NYSE:DAL traded up $0.03 during trading hours on Friday, reaching $24.97. The company’s stock had a trading volume of 17,116,666 shares, compared to its average volume of 24,282,196. The company has a market cap of $15.93 billion, a price-to-earnings ratio of -4.28 and a beta of 1.25. Delta Air Lines, Inc. has a one year low of $17.51 and a one year high of $62.53. The business’s 50-day moving average is $27.74 and its 200-day moving average is $35.14. The company has a debt-to-equity ratio of 2.85, a current ratio of 0.94 and a quick ratio of 0.91.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Tuesday, July 14th. The transportation company reported ($4.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($4.24) by ($0.19). Delta Air Lines had a negative return on equity of 4.02% and a negative net margin of 10.74%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $2.35 earnings per share. The company’s revenue for the quarter was down 88.3% on a year-over-year basis. On average, sell-side analysts predict that Delta Air Lines, Inc. will post -8.77 EPS for the current fiscal year.
In other news, Director David S. Taylor purchased 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was bought at an average cost of $21.95 per share, for a total transaction of $65,850.00. Following the completion of the acquisition, the director now directly owns 8,460 shares of the company’s stock, valued at $185,697. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.63% of the stock is owned by corporate insiders.
Several analysts have issued reports on the stock. Citigroup boosted their target price on shares of Delta Air Lines from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Deutsche Bank dropped their price target on shares of Delta Air Lines from $51.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Goldman Sachs Group upped their price target on shares of Delta Air Lines from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Credit Suisse Group reaffirmed a “market perform” rating and issued a $42.00 price target on shares of Delta Air Lines in a research note on Friday, June 12th. Finally, Raymond James dropped their price target on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.22.
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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