Jupiter Asset Management Ltd. Acquires 113,743 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Jupiter Asset Management Ltd. lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 2,211.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 118,886 shares of the transportation company’s stock after acquiring an additional 113,743 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Delta Air Lines were worth $5,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Albion Financial Group UT bought a new stake in shares of Delta Air Lines in the 2nd quarter worth $28,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Delta Air Lines by 493.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 694 shares of the transportation company’s stock worth $30,000 after acquiring an additional 577 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Delta Air Lines in the 2nd quarter worth $32,000. Destiny Wealth Partners LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth $43,000. Finally, Ritter Daniher Financial Advisory LLC grew its stake in shares of Delta Air Lines by 163.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC now owns 1,210 shares of the transportation company’s stock worth $52,000 after acquiring an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 63.36% of the company’s stock.

NYSE:DAL opened at $41.47 on Friday. The firm has a market cap of $26.54 billion, a PE ratio of -318.98 and a beta of 1.29. Delta Air Lines, Inc. has a fifty-two week low of $33.40 and a fifty-two week high of $52.28. The company has a debt-to-equity ratio of 9.79, a quick ratio of 0.82 and a current ratio of 0.83. The business has a 50 day moving average price of $39.40 and a 200-day moving average price of $40.51.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, January 12th. The transportation company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.29 billion. Delta Air Lines had a negative return on equity of 294.36% and a negative net margin of 0.28%. The business’s quarterly revenue was up 138.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.53) earnings per share. Research analysts predict that Delta Air Lines, Inc. will post -4.18 EPS for the current year.

A number of equities analysts recently weighed in on DAL shares. Barclays cut their price target on shares of Delta Air Lines from $50.00 to $45.00 in a report on Friday. Morgan Stanley dropped their price objective on shares of Delta Air Lines from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group raised shares of Delta Air Lines to a “buy” rating in a report on Friday, January 7th. Argus downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, September 23rd. Finally, Wolfe Research upgraded Delta Air Lines from a “peer perform” rating to an “outperform” rating in a research report on Friday, November 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $51.71.

In other Delta Air Lines news, Director David S. Taylor purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 30th. The stock was bought at an average price of $35.59 per share, with a total value of $213,540.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

Delta Air Lines Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

See Also: Market Capitalization and Individual Investors

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

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