For the full year, Delta's operating revenue of $41.2 billion was up four per cent, or $1.6 billion versus prior year.
Other hedge funds and other institutional investors have also made changes to their positions in the company.
The collective rating of 0 for Delta Air Lines, Inc. Delta said rising revenue and the new tax law will partly offset higher jet fuel prices. MATSCHULLAT ROBERT W sold $707,561 worth of stock or 6,220 shares.
Ghost Tree Capital Llc increased Entellus Med Inc stake by 186,510 shares to 561,510 valued at $10.37 million in 2017Q3. Cibc Asset Management Inc has 73,119 shares. Alyeska Investment Group L.P. increased its stake in Delta Air Lines by 35.8% in the third quarter.
Meredith Corporation (MDP) increased 1.6% or $1.05 to $66.55 after the diversified media services provider announced it had extended tender offer to purchase Time Inc for $18.50 per share in cash or valued at about $2.8 billion from its previously announced tender offer. Finally, IHT Wealth Management LLC boosted its stake in shares of Delta Air Lines by 40.9% in the 2nd quarter. Carmignac Gestion now owns 3,936,189 shares of the transportation company's stock valued at $211,531,000 after acquiring an additional 12,800 shares during the period.
In midday trading Thursday, shares of Delta Air Lines Inc. rose 86 cents to $56.72.
The company's ATR (Average True Range) is 1.3. Leuthold Ltd Limited Liability Company owns 203,870 shares. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. The distribution would increase Herzogenaurach, Germany-based Puma's free float, or shares that are available to be traded, to 55 percent of the company. New Vernon Invest Management Ltd Company invested in 10,428 shares.
Several large investors have recently modified their holdings of DAL. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the company a "buy" rating in a report on Wednesday. The rating was maintained by Stifel Nicolaus on Monday, May 29 with "Buy". Cowen & Co maintained it with "Outperform" rating and $62 target in Friday, December 18 report. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. A 18 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of DAL or, if they already own its stock, sell it. It also increased its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 838,615 shares in the quarter, for a total of 967,731 shares, and has risen its stake in Helmerich & Payne Inc (Call) (NYSE:HP). The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Caxton Assocs Lp has 0.29% invested in Delta Air Lines, Inc. Hess Corporation (NYSE:HES) has declined 14.55% since January 11, 2017 and is downtrending.
Looking at the Analyst Recommendations of the stock, 10 Analysts issued a Buy for MoSys, 8 gave Outperform, 0 analysts gave Hold Rating, 0 issued Underperform and 0 marked the stock as Sell. Credit Suisse maintained Delta Air Lines, Inc.
The transpacific market - which has been a weak spot for five years - remained the biggest laggard last quarter, but Delta still posted 1.6% unit revenue growth there.
Delta Air Lines (DAL) on Thursday reported fourth-quarter earnings that easily topped views and dramatically raised its 2018 profit guidance, noting robust demand and improving business fares.
WARNING: "Somewhat Positive News Coverage Somewhat Unlikely to Affect Delta Air Lines (DAL) Share Price" was published by Week Herald and is the property of of Week Herald. If you are accessing this report on another site, it was stolen and reposted in violation of United States and global trademark & copyright law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/12/delta-air-lines-inc-dal-shares-sold-by-first-citizens-bank-trust-co.html. Gratry Limited Liability reported 0.29% in Delta Air Lines, Inc. The Company's segments include Airline and Refinery.