Modus Advisors LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 20.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,036 shares of the transportation company’s stock after purchasing an additional 1,352 shares during the period. Modus Advisors LLC’s holdings in Delta Air Lines were worth $388,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Luxor Capital Group LP bought a new stake in Delta Air Lines in the fourth quarter worth $4,773,000. Fagan Associates Inc. bought a new stake in Delta Air Lines in the fourth quarter worth $2,710,000. U S Global Investors Inc. increased its position in Delta Air Lines by 30.9% in the fourth quarter. U S Global Investors Inc. now owns 7,133,481 shares of the transportation company’s stock worth $286,837,000 after purchasing an additional 1,682,597 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Delta Air Lines in the fourth quarter worth $40,178,000. Finally, Kwmg LLC increased its position in Delta Air Lines by 0.4% in the fourth quarter. Kwmg LLC now owns 88,188 shares of the transportation company’s stock worth $3,546,000 after purchasing an additional 382 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.
Several research analysts have commented on DAL shares. Jefferies Financial Group lifted their price objective on shares of Delta Air Lines from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Monday, March 1st. Morgan Stanley lifted their price objective on shares of Delta Air Lines from $55.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research note on Wednesday, February 10th. Finally, Evercore ISI lifted their price objective on shares of Delta Air Lines from $51.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, January 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Delta Air Lines has an average rating of “Hold” and an average target price of $46.65.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, January 13th. The transportation company reported ($2.53) earnings per share for the quarter, missing the consensus estimate of ($2.50) by ($0.03). The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.59 billion. Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. The business’s revenue was down 65.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post -0.58 EPS for the current year.
In related news, President Glen W. Hauenstein sold 60,586 shares of Delta Air Lines stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $43.46, for a total value of $2,633,067.56. Insiders own 0.63% of the company’s stock.
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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.
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