Campbell Capital Management Inc. Has $6.85 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)


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Campbell Capital Management Inc. cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,880 shares of the transportation company’s stock after selling 1,170 shares during the quarter. Delta Air Lines comprises approximately 3.2% of Campbell Capital Management Inc.’s holdings, making the stock its 11th largest position. Campbell Capital Management Inc.’s holdings in Delta Air Lines were worth $6,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Public Sector Pension Investment Board lifted its stake in shares of Delta Air Lines by 11.1% in the third quarter. Public Sector Pension Investment Board now owns 77,098 shares of the transportation company’s stock worth $2,358,000 after buying an additional 7,699 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Delta Air Lines by 20.5% in the third quarter. Advisors Asset Management Inc. now owns 53,496 shares of the transportation company’s stock worth $1,636,000 after buying an additional 9,113 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Delta Air Lines by 1.4% in the third quarter. Nuveen Asset Management LLC now owns 4,202,334 shares of the transportation company’s stock worth $128,507,000 after buying an additional 58,666 shares during the last quarter. State of Tennessee Treasury Department lifted its stake in shares of Delta Air Lines by 107.7% in the third quarter. State of Tennessee Treasury Department now owns 242,445 shares of the transportation company’s stock worth $7,414,000 after buying an additional 125,730 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Delta Air Lines in the third quarter worth $4,050,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

In other news, President Glen W. Hauenstein sold 60,586 shares of the company’s stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $43.46, for a total value of $2,633,067.56. 0.63% of the stock is currently owned by corporate insiders.

Shares of DAL traded down $0.10 during trading hours on Thursday, hitting $50.10. The stock had a trading volume of 263,065 shares, compared to its average volume of 13,363,542. The company’s fifty day moving average is $47.95 and its two-hundred day moving average is $39.91. The company has a debt-to-equity ratio of 8.88, a current ratio of 1.27 and a quick ratio of 1.23. Delta Air Lines, Inc. has a 52 week low of $17.51 and a 52 week high of $52.28. The stock has a market capitalization of $31.97 billion, a price-to-earnings ratio of -2.57 and a beta of 1.45.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, January 13th. The transportation company reported ($2.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.50) by ($0.03). Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the company posted $1.70 EPS. The firm’s revenue for the quarter was down 65.3% compared to the same quarter last year. Equities analysts predict that Delta Air Lines, Inc. will post -0.58 EPS for the current fiscal year.

DAL has been the subject of several research analyst reports. Evercore ISI upped their target price on shares of Delta Air Lines from $51.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, January 15th. Argus upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, January 20th. Susquehanna Bancshares cut shares of Delta Air Lines from a “positive” rating to a “neutral” rating and upped their target price for the company from $42.00 to $45.00 in a research note on Thursday, January 14th. Jefferies Financial Group upped their target price on shares of Delta Air Lines from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.65.

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

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