Delta Air Lines (DAL) : Harbour Capital Advisors scooped up 8,555 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 33,163 shares of Delta Air Lines which is valued at $1,326,852.Delta Air Lines makes up approximately 0.73% of Harbour Capital Advisors’s portfolio.
Other Hedge Funds, Including , Highland Capital Management reduced its stake in DAL by selling 2,178 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 165,610 shares of DAL which is valued at $6,626,056. Delta Air Lines makes up approx 0.57% of Highland Capital Management’s portfolio.British Columbia Investment Management Corp reduced its stake in DAL by selling 542 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 132,840 shares of DAL which is valued at $5,172,790. Delta Air Lines makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.Eagle Asset Management Inc reduced its stake in DAL by selling 78,403 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 1,844,445 shares of DAL which is valued at $71,822,688. Delta Air Lines makes up approx 0.50% of Eagle Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DAL by selling 102,505 shares or 18.1% in the most recent quarter. The Hedge Fund company now holds 463,955 shares of DAL which is valued at $18,706,666. Delta Air Lines makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.
Delta Air Lines closed down -0.83 points or -2.09% at $38.94 with 1,21,66,578 shares getting traded on Tuesday. Post opening the session at $40.25, the shares hit an intraday low of $38.79 and an intraday high of $40.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Delta Air Lines reported $1.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 13, 2016. Analyst had a consensus of $1.65. The company had revenue of $10483.00 million for the quarter, compared to analysts expectations of $10504.47 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.74 EPS.
Many Wall Street Analysts have commented on Delta Air Lines. Company shares were Reiterated by Imperial Capital on Oct 14, 2016 to “In-line”, Firm has raised the Price Target to $ 44 from a previous price target of $41 .Bernstein Initiated Delta Air Lines on Oct 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $43.Imperial Capital Initiated Delta Air Lines on Aug 24, 2016 to “In-line”, Price Target of the shares are set at $41.
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.