Delta Air Lines Inc. (DAL) Short Interest Update
Delta Air Lines Inc. (NYSE:DAL) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 10,088,106 shares, a drop of 39.6% from the September 15th total of 16,689,188 shares. Based on an average daily volume of 8,903,506 shares, the short-interest ratio is presently 1.1 days. Currently, 1.4% of the shares of the stock are sold short.
Shares of Delta Air Lines (NYSE:DAL) opened at 40.04 on Monday. The company has a market capitalization of $30.35 billion, a PE ratio of 6.52 and a beta of 0.95. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.77. The firm’s 50-day moving average is $38.38 and its 200 day moving average is $40.34.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 13th. The company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The company earned $10.48 billion during the quarter. During the same quarter last year, the company earned $1.74 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts predict that Delta Air Lines will post $5.70 EPS for the current year.
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In related news, CFO Paul A. Jacobson purchased 25,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average price of $38.91 per share, with a total value of $972,750.00. Following the completion of the acquisition, the chief financial officer now directly owns 328,631 shares in the company, valued at approximately $12,787,032.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George N. Mattson purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average cost of $36.50 per share, with a total value of $365,000.00. Following the acquisition, the director now owns 54,750 shares of the company’s stock, valued at $1,998,375. The disclosure for this purchase can be found here. 0.75% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of DAL. Archford Capital Strategies LLC boosted its stake in Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock valued at $100,000 after buying an additional 2,648 shares during the period. Capital Guardian Trust Co. boosted its stake in Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock worth $116,000 after buying an additional 2,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Delta Air Lines during the second quarter worth approximately $124,000. Daiwa SB Investments Ltd. boosted its stake in Delta Air Lines by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 3,530 shares of the company’s stock worth $128,000 after buying an additional 280 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Delta Air Lines by 1.9% in the second quarter. Quadrant Capital Group LLC now owns 4,211 shares of the company’s stock worth $150,000 after buying an additional 79 shares during the last quarter. Institutional investors own 84.51% of the company’s stock.
A number of analysts recently weighed in on the stock. Evercore Partners Inc. reissued a “hold” rating on shares of Delta Air Lines in a report on Friday, July 15th. Evercore ISI lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating and lowered their target price for the stock from $60.00 to $50.00 in a report on Friday, July 15th. Argus reaffirmed a “buy” rating and set a $60.00 target price on shares of Delta Air Lines in a report on Friday, July 15th. Bank of America Corp. set a $60.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Tuesday, October 4th. Finally, Buckingham Research set a $54.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, October 5th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Delta Air Lines presently has an average rating of “Buy” and an average target price of $53.17.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.
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