Crestline Management LP Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Crestline Management LP increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 147.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 124,109 shares of the transportation company's stock after purchasing an additional 73,983 shares during the period. Crestline Management LP's holdings in Delta Air Lines were worth $7,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $29,000. Hemington Wealth Management raised its stake in Delta Air Lines by 48.1% in the 4th 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. Crews Bank & Trust purchased a new position in Delta Air Lines in the 4th quarter valued at $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DAL shares. The Goldman Sachs Group decreased their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Bank of America cut their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Raymond James lowered 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. Finally, Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Four equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.37.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares of the company's stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.96% of the company's stock.

Delta Air Lines Trading Down 0.5 %

Shares of NYSE:DAL traded down $0.26 during mid-day trading on Friday, reaching $48.28. 13,490,314 shares of the company were exchanged, compared to its average volume of 9,366,249. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm's 50-day simple moving average is $44.06 and its 200 day simple moving average is $56.38. The firm has a market cap of $31.52 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last released 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). The firm 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 company's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is 10.64%.

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.