Delta Air Lines, Inc. (DAL) Shares Bought by Skylands Capital LLC

Skylands Capital LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,300 shares of the transportation company’s stock after purchasing an additional 1,300 shares during the quarter. Delta Air Lines accounts for about 1.2% of Skylands Capital LLC’s investment portfolio, making the stock its 19th largest holding. Skylands Capital LLC’s holdings in Delta Air Lines were worth $9,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Roundview Capital LLC lifted its stake in Delta Air Lines by 0.3% during the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares during the last quarter. Advisory Services Network LLC lifted its stake in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares during the last quarter. Miles Capital Inc. lifted its stake in Delta Air Lines by 2.6% during the second quarter. Miles Capital Inc. now owns 6,138 shares of the transportation company’s stock worth $330,000 after purchasing an additional 157 shares during the last quarter. IHT Wealth Management LLC lifted its stake in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in Delta Air Lines by 5.4% during the second quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock worth $316,000 after purchasing an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Several equities analysts recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stephens restated a “buy” rating and set a $72.00 price objective on shares of Delta Air Lines in a research note on Wednesday, January 10th. Imperial Capital set a $65.00 price objective on Delta Air Lines and gave the stock an “outperform” rating in a research note on Friday. Cowen raised their target price on Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Finally, Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $65.53.

In related news, CEO Edward H. Bastian sold 73,211 shares of Delta Air Lines stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the sale, the chief executive officer now directly owns 338,719 shares in the company, valued at $18,981,812.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 894 shares of Delta Air Lines stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.50, for a total transaction of $50,511.00. Following the sale, the executive vice president now owns 72,393 shares in the company, valued at $4,090,204.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,197 shares of company stock worth $13,797,192. Company insiders own 0.37% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) traded up $0.61 during mid-day trading on Tuesday, reaching $60.44. The company’s stock had a trading volume of 2,084,487 shares, compared to its average volume of 11,044,145. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. The company has a market capitalization of $43,110.00, a PE ratio of 12.23 and a beta of 1.30. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $60.50.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. analysts predict that Delta Air Lines, Inc. will post 6.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2018/01/16/delta-air-lines-inc-dal-shares-bought-by-skylands-capital-llc.html.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply