Verition Fund Management LLC Has $1.47 Million Holdings in Delta Air Lines, Inc. (DAL)
Verition Fund Management LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,611 shares of the transportation company’s stock after selling 5,541 shares during the quarter. Verition Fund Management LLC’s holdings in Delta Air Lines were worth $1,467,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in DAL. Wagner Wealth Management LLC boosted its holdings in Delta Air Lines by 375.0% in the first quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 1,500 shares during the last quarter. Fortis Advisors LLC boosted its holdings in Delta Air Lines by 99.1% in the first quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock valued at $131,000 after acquiring an additional 1,189 shares during the last quarter. Huntington National Bank boosted its holdings in Delta Air Lines by 73.8% in the second quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 1,147 shares during the last quarter. Nvwm LLC boosted its holdings in Delta Air Lines by 558.5% in the first quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 2,290 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Delta Air Lines in the second quarter valued at about $142,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.
Shares of NYSE DAL traded up $0.57 during mid-day trading on Friday, reaching $52.05. 9,610,123 shares of the company’s stock were exchanged, compared to its average volume of 6,999,253. The firm has a market cap of $39.98 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.40 and a quick ratio of 0.31. Delta Air Lines, Inc. has a twelve month low of $48.33 and a twelve month high of $60.79.
In other Delta Air Lines news, COO W Gilbert West sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief operating officer now directly owns 95,447 shares in the company, valued at $5,025,284.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Easter III sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $58.47, for a total value of $175,410.00. The disclosure for this sale can be found here. In the last three months, insiders sold 102,787 shares of company stock worth $5,519,226. 0.33% of the stock is owned by insiders.
DAL has been the topic of several recent research reports. Imperial Capital raised their price target on Delta Air Lines from $65.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Stephens restated a “buy” rating and set a $68.00 target price on shares of Delta Air Lines in a report on Monday, October 1st. Macquarie set a $69.00 target price on Delta Air Lines and gave the stock a “buy” rating in a report on Monday, October 8th. Finally, Buckingham Research raised their target price on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, September 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.55.
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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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