Delta Air Lines, Inc. (DAL) Stake Lessened by Colrain Capital LLC

Colrain Capital LLC cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 35.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 71,500 shares of the transportation company’s stock after selling 39,796 shares during the quarter. Delta Air Lines makes up approximately 3.3% of Colrain Capital LLC’s portfolio, making the stock its 14th largest holding. Colrain Capital LLC’s holdings in Delta Air Lines were worth $4,004,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DAL. Investec Asset Management LTD acquired a new stake in shares of Delta Air Lines during the third quarter worth $157,977,000. Anchor Bolt Capital LP purchased a new position in shares of Delta Air Lines during the third quarter valued at $68,141,000. Alyeska Investment Group L.P. grew its holdings in shares of Delta Air Lines by 35.8% during the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after buying an additional 1,055,182 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Delta Air Lines by 441.1% during the third quarter. Brown Advisory Inc. now owns 989,197 shares of the transportation company’s stock valued at $47,699,000 after buying an additional 806,389 shares in the last quarter. Finally, Cambiar Investors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter valued at $41,568,000. 85.09% of the stock is currently owned by institutional investors.

In other Delta Air Lines news, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the sale, the executive vice president now owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul A. Jacobson sold 49,362 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $60.20, for a total value of $2,971,592.40. The disclosure for this sale can be found here. Insiders sold 363,447 shares of company stock worth $20,591,693 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Thursday. Imperial Capital reiterated an “outperform” rating and set a $65.00 price target (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. Sanford C. Bernstein set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 10th. Stephens reiterated a “buy” rating and set a $72.00 price target on shares of Delta Air Lines in a report on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price target (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $65.35.

Delta Air Lines, Inc. (NYSE:DAL) opened at $51.23 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79. The company has a market capitalization of $38,393.60, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.72 and a beta of 1.15.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. equities research analysts forecast that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Delta Air Lines, Inc. (DAL) Stake Lessened by Colrain Capital LLC” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://sportsperspectives.com/2018/02/09/delta-air-lines-inc-dal-stake-lessened-by-colrain-capital-llc.html.

Delta Air Lines Company 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