GAMMA Investing LLC Has $559,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

GAMMA Investing LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,241 shares of the transportation company’s stock after purchasing an additional 1,683 shares during the quarter. GAMMA Investing LLC’s holdings in Delta Air Lines were worth $559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines in the third quarter valued at about $25,000. Versant Capital Management Inc raised its stake in shares of Delta Air Lines by 829.2% in the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock worth $37,000 after acquiring an additional 539 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the third quarter worth approximately $31,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $31,000. Finally, Quarry LP acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Citigroup raised their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group reissued a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. Jefferies Financial Group raised 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. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $75.83.

Delta Air Lines Price Performance

DAL opened at $59.00 on Monday. The stock has a market cap of $38.07 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.21 and a beta of 1.35. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $67.50. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $61.78 and a 200 day simple moving average of $51.44.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter last year, the company earned $2.03 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,240 shares of company stock worth $8,044,893. Company insiders own 0.96% of the company’s stock.

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.