334,578 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 334,578 shares of the transportation company’s stock, valued at approximately $20,242,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $27,000. Hemington Wealth Management grew its position in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines during the 4th quarter valued at approximately $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines during the 4th quarter valued at approximately $30,000. Finally, Modus Advisors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 3.9 %

Shares of Delta Air Lines stock opened at $40.88 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company has a market cap of $26.43 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The firm has a 50-day simple moving average of $52.37 and a two-hundred day simple moving average of $57.69.

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

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s payout ratio is presently 11.26%.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the transaction, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James reduced their target price on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 2nd. UBS Group downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $77.00 to $42.00 in a report on Monday, April 7th. Susquehanna dropped their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research report on Monday, April 7th. Jefferies Financial Group reissued a “hold” rating and set a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.06.

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 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.