Summit Partners Public Asset Management buys $6,543,000 stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Summit Partners Public Asset Management scooped up 20,000 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 180,000 shares of Delta Air Lines which is valued at $6,543,000.Delta Air Lines makes up approximately 2.24% of Summit Partners Public Asset Management’s portfolio.

Other Hedge Funds, Including , Voya Financial Advisors reduced its stake in DAL by selling 103 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 6,574 shares of DAL which is valued at $238,965. Delta Air Lines makes up approx 0.03% of Voya Financial Advisors’s portfolio.Brant Point Investment Management reduced its stake in DAL by selling 39,400 shares or 41.46% in the most recent quarter. The Hedge Fund company now holds 55,640 shares of DAL which is valued at $2,022,514. Delta Air Lines makes up approx 0.36% of Brant Point Investment Management’s portfolio.Affinity Investment Advisors boosted its stake in DAL in the latest quarter, The investment management firm added 14,577 additional shares and now holds a total of 297,390 shares of Delta Air Lines which is valued at $10,914,213. Delta Air Lines makes up approx 0.78% of Affinity Investment Advisors’s portfolio.Parkwood reduced its stake in DAL by selling 11,337 shares or 10.51% in the most recent quarter. The Hedge Fund company now holds 96,528 shares of DAL which is valued at $3,760,731. Delta Air Lines makes up approx 0.61% of Parkwood’s portfolio. Wealthtrust-arizona added DAL to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $3,896.

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.

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