Tyrus Capital S.a.m. adds Delta Air Lines (DAL) to its portfolio

Delta Air Lines (DAL) : Tyrus Capital S.a.m. added new position in Delta Air Lines during the most recent quarter end. The investment management firm now holds 659,500 shares of Delta Air Lines which is valued at $31,306,465 , the company said in a statement filed on Nov 14, 2016 with the SEC.Delta Air Lines makes up approximately 9.60% of Tyrus Capital S.a.m.’s portfolio.

Other Hedge Funds, Including , Fil Ltd sold out all of its stake in DAL during the most recent quarter. The investment firm sold 14,757 shares of DAL which is valued $700,515.Pitcairn Co boosted its stake in DAL in the latest quarter, The investment management firm added 13,625 additional shares and now holds a total of 36,526 shares of Delta Air Lines which is valued at $1,652,802. Delta Air Lines makes up approx 0.21% of Pitcairn Co’s portfolio. Oakmont Corp sold out all of its stake in DAL during the most recent quarter. The investment firm sold 733,010 shares of DAL which is valued $32,406,372.Advisors Asset Management boosted its stake in DAL in the latest quarter, The investment management firm added 5,581 additional shares and now holds a total of 43,378 shares of Delta Air Lines which is valued at $1,816,671. Delta Air Lines makes up approx 0.03% of Advisors Asset Management’s portfolio. Capital Management Corp Va added DAL to its portfolio by purchasing 78,485 company shares during the most recent quarter which is valued at $3,246,924. Delta Air Lines makes up approx 1.22% of Capital Management Corp Va’s portfolio.

Delta Air Lines opened for trading at $48.8 and hit $48.98 on the upside on Monday, eventually ending the session at $48.9, with a gain of 0.80% or 0.39 points. The heightened volatility saw the trading volume jump to 82,50,898 shares. Company has a market cap of $36,009 M.

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. Delta Air Lines was Initiated by Citigroup to “Buy” on Nov 18, 2016. 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.

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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