Modus Advisors LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 20.2% in the 1st quarter, according to the company in its most recent 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 quarter. Modus Advisors LLC’s holdings in Delta Air Lines were worth $388,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Oder Investment Management LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $25,000. Reby Advisors LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter worth $25,000. Dimension Capital Management LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter worth $27,000. South State CORP. acquired a new stake in shares of Delta Air Lines in the 4th quarter worth $27,000. Finally, Albion Financial Group UT acquired a new stake in shares of Delta Air Lines in the 4th quarter worth $28,000. 59.48% of the stock is owned by hedge funds and other institutional investors.
Shares of DAL traded down $0.42 during midday trading on Thursday, hitting $49.78. The company had a trading volume of 182,869 shares, compared to its average volume of 13,363,542. The company’s 50-day simple moving average is $47.95 and its 200-day simple moving average is $39.91. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a market capitalization of $31.77 billion, a P/E ratio of -2.57 and a beta of 1.45. Delta Air Lines, Inc. has a 1 year low of $17.51 and a 1 year high of $52.28.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, January 13th. The transportation company reported ($2.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.50) by ($0.03). The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 65.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. Equities analysts predict that Delta Air Lines, Inc. will post -0.58 earnings per share for the current fiscal year.
A number of brokerages have issued reports on DAL. Deutsche Bank Aktiengesellschaft raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Monday, March 1st. Vertical Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, January 15th. Jefferies Financial Group raised their target price on Delta Air Lines from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, March 30th. Susquehanna Bancshares cut Delta Air Lines from a “positive” rating to a “neutral” rating and increased their price target for the stock from $42.00 to $45.00 in a report on Thursday, January 14th. Finally, Cowen cut Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $44.00 price target for the company. in a report on Monday, January 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.65.
In other 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. Company 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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