Delta Air Lines, Inc. (NYSE:DAL) Stake Lessened by Fiera Capital Corp

Fiera Capital Corp lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 62.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,564 shares of the transportation company’s stock after selling 12,628 shares during the period. Fiera Capital Corp’s holdings in Delta Air Lines were worth $365,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its stake in Delta Air Lines by 18.3% during the first quarter. Crossmark Global Holdings Inc. now owns 186,534 shares of the transportation company’s stock valued at $9,006,000 after purchasing an additional 28,850 shares during the last quarter. Luxor Capital Group LP bought a new stake in Delta Air Lines during the fourth quarter valued at $4,773,000. Fagan Associates Inc. bought a new stake in Delta Air Lines during the fourth quarter valued at $2,710,000. U S Global Investors Inc. increased its stake in Delta Air Lines by 30.9% during the fourth quarter. U S Global Investors Inc. now owns 7,133,481 shares of the transportation company’s stock valued at $286,837,000 after purchasing an additional 1,682,597 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Delta Air Lines during the fourth quarter valued at $40,178,000. Institutional investors and hedge funds own 63.92% of the company’s stock.

NYSE DAL opened at $46.28 on Friday. Delta Air Lines, Inc. has a 12 month low of $24.38 and a 12 month high of $52.28. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 54.07. The firm has a market capitalization of $29.60 billion, a price-to-earnings ratio of -2.26 and a beta of 1.45. The company’s 50 day moving average is $46.73.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 14th. The transportation company reported ($3.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.73) by ($0.82). Delta Air Lines had a negative net margin of 102.96% and a negative return on equity of 249.42%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned ($0.51) EPS. Delta Air Lines’s revenue was down 60.4% compared to the same quarter last year. Analysts forecast that Delta Air Lines, Inc. will post -4.03 EPS for the current year.

Several analysts have weighed in on DAL shares. The Goldman Sachs Group boosted their target price on shares of Delta Air Lines from $35.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, March 16th. Cowen boosted their target price on shares of Delta Air Lines from $44.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, April 9th. MKM Partners initiated coverage on shares of Delta Air Lines in a report on Thursday. They issued a “buy” rating and a $59.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Delta Air Lines from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and upped their target price for the stock from $50.00 to $60.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Delta Air Lines has an average rating of “Hold” and an average price target of $48.90.

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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