Sciencast Management LP Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Sciencast Management LP acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,333 shares of the transportation company’s stock, valued at approximately $822,000.

A number of other institutional investors have also recently made changes to their positions in DAL. Firestone Capital Management raised its holdings in Delta Air Lines by 65.4% in the second quarter. Firestone Capital Management now owns 1,138 shares of the transportation company’s stock valued at $32,000 after buying an additional 450 shares during the period. Meridian Investment Counsel Inc. raised its holdings in Delta Air Lines by 4.4% in the first quarter. Meridian Investment Counsel Inc. now owns 11,849 shares of the transportation company’s stock valued at $338,000 after buying an additional 500 shares during the period. Bogart Wealth LLC raised its holdings in Delta Air Lines by 70.8% in the first quarter. Bogart Wealth LLC now owns 1,209 shares of the transportation company’s stock valued at $34,000 after buying an additional 501 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Delta Air Lines by 76.1% during the second quarter. Cornerstone Advisors Inc. now owns 1,213 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 524 shares during the period. Finally, Bedel Financial Consulting Inc. raised its stake in shares of Delta Air Lines by 143.6% during the second quarter. Bedel Financial Consulting Inc. now owns 899 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 530 shares during the period. Institutional investors own 75.27% of the company’s stock.

In other news, Director David S. Taylor purchased 3,000 shares of Delta Air Lines stock in a transaction dated Monday, May 4th. The stock was bought at an average price of $21.95 per share, with a total value of $65,850.00. Following the completion of the acquisition, the director now owns 8,460 shares in the company, valued at approximately $185,697. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.63% of the company’s stock.

DAL has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Delta Air Lines from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Citigroup lifted their price objective on shares of Delta Air Lines from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Cowen initiated coverage on shares of Delta Air Lines in a research note on Friday, May 29th. They set a “buy” rating and a $33.00 price objective on the stock. Raymond James dropped their price objective on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Finally, Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research note on Wednesday, June 24th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $50.22.

Delta Air Lines stock opened at $24.97 on Friday. Delta Air Lines, Inc. has a 12 month low of $17.51 and a 12 month high of $62.53. The company has a market cap of $15.93 billion, a PE ratio of -4.28 and a beta of 1.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 0.94 and a quick ratio of 0.91. The company has a fifty day moving average price of $27.74 and a two-hundred day moving average price of $35.14.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Tuesday, July 14th. The transportation company reported ($4.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.24) by ($0.19). Delta Air Lines had a negative net margin of 10.74% and a negative return on equity of 4.02%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm posted $2.35 EPS. The business’s revenue was down 88.3% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post -8.77 earnings per share for the current year.

Delta Air Lines Company Profile

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.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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