Delta Air Lines, Inc. (NYSE:DAL) Stake Lifted by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 64.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,639 shares of the transportation company’s stock after purchasing an additional 4,576 shares during the period. Clear Harbor Asset Management LLC’s holdings in Delta Air Lines were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DAL. Mason & Associates Inc raised its stake in shares of Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after buying an additional 160 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in Delta Air Lines by 10.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after acquiring an additional 175 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Delta Air Lines by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 188 shares during the last quarter. Huntington National Bank boosted its position in shares of Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in shares of Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 3.9 %

Delta Air Lines stock opened at $68.38 on Wednesday. The firm’s 50 day moving average price is $62.91 and its two-hundred day moving average price is $52.67. The firm has a market cap of $44.12 billion, a PE ratio of 12.83, a P/E/G ratio of 0.77 and a beta of 1.35. Delta Air Lines, Inc. has a twelve month low of $36.98 and a twelve month high of $68.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

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

Insider Buying and Selling

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,719 shares of company stock worth $7,349,316. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DAL shares. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $78.22.

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 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.