Voleon Capital Management LP Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Voleon Capital Management LP bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 69,000 shares of the transportation company’s stock, valued at approximately $3,916,000.

Several other institutional investors have also made changes to their positions in DAL. Glassman Wealth Services boosted its position in shares of Delta Air Lines by 1,153.5% in the first quarter. Glassman Wealth Services now owns 539 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 496 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Delta Air Lines by 105.6% in the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 320 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of Delta Air Lines by 36.0% in the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 164 shares during the period. Avestar Capital LLC boosted its position in shares of Delta Air Lines by 3,385.0% in the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 677 shares during the period. Finally, TCG Advisors LP bought a new stake in shares of Delta Air Lines in the first quarter valued at about $48,000. 86.07% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on DAL shares. Deutsche Bank upped their price objective on shares of Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Raymond James upped their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Friday, September 6th. Morgan Stanley upped their price objective on shares of Delta Air Lines from $61.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12th. Finally, ValuEngine cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and an average price target of $68.12.



DAL traded up $0.32 on Wednesday, hitting $58.32. 269,644 shares of the stock were exchanged, compared to its average volume of 5,258,953. Delta Air Lines, Inc. has a 12 month low of $45.08 and a 12 month high of $63.44. The business has a 50-day moving average of $58.20 and a two-hundred day moving average of $56.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. The firm has a market capitalization of $37.97 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.46 and a beta of 1.19.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The firm had revenue of $12.54 billion during the quarter, compared to analysts’ expectations of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.77 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 7.07 earnings per share for the current fiscal year.

In other news, EVP Rahul D. Samant sold 16,559 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $61.87, for a total value of $1,024,505.33. Following the completion of the transaction, the executive vice president now owns 51,039 shares of the company’s stock, valued at $3,157,782.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Glen W. Hauenstein sold 50,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $63.03, for a total transaction of $3,151,500.00. Following the completion of the transaction, the president now directly owns 267,526 shares of the company’s stock, valued at approximately $16,862,163.78. The disclosure for this sale can be found here. Insiders sold 83,285 shares of company stock valued at $5,219,381 in the last three months. Company insiders own 0.47% of the company’s stock.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Featured Article: The role of implied volatility with call option volume

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.