Peconic Partners adds Delta Air Lines (DAL) to its portfolio

Delta Air Lines (DAL) : Peconic Partners added new position in Delta Air Lines during the most recent quarter end. The investment management firm now holds 379,490 shares of Delta Air Lines which is valued at $13,794,462 , the company said in a statement filed on Aug 15, 2016 with the SEC.Delta Air Lines makes up approximately 2.41% of Peconic Partners’s portfolio.

Other Hedge Funds, Including , Compagnie Lombard Odier Scma reduced its stake in DAL by selling 32,958 shares or 72.64% in the most recent quarter. The Hedge Fund company now holds 12,411 shares of DAL which is valued at $451,140. Delta Air Lines makes up approx 0.01% of Compagnie Lombard Odier Scma’s portfolio.Profund Advisors reduced its stake in DAL by selling 2,284 shares or 8.65% in the most recent quarter. The Hedge Fund company now holds 24,117 shares of DAL which is valued at $876,653. Delta Air Lines makes up approx 0.04% of Profund Advisors’s portfolio.Massachusetts Financial Services Co boosted its stake in DAL in the latest quarter, The investment management firm added 1,187,230 additional shares and now holds a total of 3,449,933 shares of Delta Air Lines which is valued at $125,405,065. Delta Air Lines makes up approx 0.06% of Massachusetts Financial Services Co’s portfolio.Credit Capital Investments boosted its stake in DAL in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 240,701 shares of Delta Air Lines which is valued at $9,011,845. Delta Air Lines makes up approx 6.74% of Credit Capital Investments’s portfolio.Signalpoint Asset Management boosted its stake in DAL in the latest quarter, The investment management firm added 494 additional shares and now holds a total of 12,373 shares of Delta Air Lines which is valued at $479,454. Delta Air Lines makes up approx 0.19% of Signalpoint Asset Management’s portfolio.

Delta Air Lines opened for trading at $37 and hit $37.15 on the upside on Thursday, eventually ending the session at $36.82, with a gain of 0.19% or 0.07 points. The heightened volatility saw the trading volume jump to 71,27,369 shares. Company has a market cap of $27,575 M.

On the company’s financial health, Delta Air Lines reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.42. The company had revenue of $10447.00 million for the quarter, compared to analysts expectations of $10479.70 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Delta Air Lines. Imperial Capital Initiated Delta Air Lines on Aug 24, 2016 to “In-line”, Price Target of the shares are set at $41.Shares were Reiterated by Cowen on Jul 6, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $60 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *