Cooper Creek Partners Management LLC Buys New Stake in Delta Air Lines, Inc. (NYSE:DAL)

Cooper Creek Partners Management LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 334,578 shares of the transportation company’s stock, valued at approximately $20,242,000. Cooper Creek Partners Management LLC owned approximately 0.05% of Delta Air Lines as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at approximately $27,000. Hemington Wealth Management lifted its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 3.9 %

DAL opened at $40.88 on Friday. 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 stock’s fifty day moving average is $52.37 and its two-hundred day moving average is $57.69. The company has a market capitalization of $26.43 billion, a P/E ratio of 7.67, a PEG ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $12.98 billion for the quarter, compared to analysts’ expectations of $13.85 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Analyst Upgrades and Downgrades

DAL has been the topic of several analyst reports. Raymond James reduced their price objective on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. The Goldman Sachs Group decreased their price target on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Bank of America lowered their price target on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, UBS Group lowered shares of Delta Air Lines from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $77.00 to $42.00 in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.06.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the 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 owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 over the last ninety days. 0.96% of the stock is owned by company insiders.

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