Calamos Advisors LLC Has $19.28 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Calamos Advisors LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 14.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 318,709 shares of the transportation company’s stock after selling 52,000 shares during the quarter. Calamos Advisors LLC’s holdings in Delta Air Lines were worth $19,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines in the third quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines in the third quarter valued at about $31,000. Finally, Modus Advisors LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $33,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

DAL stock opened at $66.55 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $63.59 and its 200 day simple moving average is $54.09. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The firm has a market cap of $42.94 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.78 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share. On average, analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DAL shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Bank of America lifted their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Sanford C. Bernstein lifted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average price target of $78.22.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,150 shares of company stock valued at $8,735,936. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.