Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Cerebellum GP LLC

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Cerebellum GP LLC lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,666 shares of the transportation company’s stock after purchasing an additional 2,422 shares during the period. Cerebellum GP LLC’s holdings in Delta Air Lines were worth $565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at about $29,000. Liberty Wealth Management LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at about $34,000. Reilly Financial Advisors LLC purchased a new position in Delta Air Lines during the 3rd quarter valued at about $38,000. Covington Capital Management increased its holdings in Delta Air Lines by 35.4% during the 2nd quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 195 shares in the last quarter. Finally, Bartlett & Co. LLC purchased a new position in Delta Air Lines during the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.

DAL has been the subject of several recent research reports. Barclays set a $65.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Thursday, October 10th. Buckingham Research raised their target price on shares of Delta Air Lines from $56.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, December 16th. UBS Group initiated coverage on shares of Delta Air Lines in a report on Tuesday, November 12th. They set a “neutral” rating and a $62.00 target price for the company. Citigroup raised their target price on shares of Delta Air Lines from $65.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Raymond James dropped their target price on shares of Delta Air Lines from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, October 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $66.41.

In other news, CEO Edward H. Bastian sold 30,236 shares of Delta Air Lines stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the completion of the sale, the chief executive officer now directly owns 323,955 shares in the company, valued at $18,643,610.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.

Shares of NYSE DAL opened at $61.62 on Thursday. The company has a market cap of $39.74 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.61 and a beta of 1.11. Delta Air Lines, Inc. has a 12 month low of $46.84 and a 12 month high of $63.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.41 and a quick ratio of 0.29. The company has a 50-day simple moving average of $58.03 and a 200-day simple moving average of $57.78.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, January 14th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.30. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.37 billion. Delta Air Lines had a net margin of 10.14% and a return on equity of 33.28%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.17 EPS for the current year.

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.

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

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