Usca Ria LLC Has $4 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Usca Ria LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 122.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,465 shares of the transportation company’s stock after acquiring an additional 37,626 shares during the period. Usca Ria LLC’s holdings in Delta Air Lines were worth $4,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DAL. TFO TDC LLC bought a new stake in Delta Air Lines during the fourth quarter worth about $81,000. Trust Co. of Oklahoma bought a new stake in Delta Air Lines during the fourth quarter worth about $396,000. Eqis Capital Management Inc. raised its holdings in Delta Air Lines by 6.6% during the fourth quarter. Eqis Capital Management Inc. now owns 5,643 shares of the transportation company’s stock worth $330,000 after acquiring an additional 350 shares in the last quarter. Kendall Capital Management raised its holdings in Delta Air Lines by 6.6% during the fourth quarter. Kendall Capital Management now owns 23,055 shares of the transportation company’s stock worth $1,348,000 after acquiring an additional 1,420 shares in the last quarter. Finally, James Investment Research Inc. raised its holdings in Delta Air Lines by 1.0% during the fourth quarter. James Investment Research Inc. now owns 91,494 shares of the transportation company’s stock worth $5,351,000 after acquiring an additional 944 shares in the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on DAL. Argus upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, January 21st. Citigroup upped their target price on Delta Air Lines from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Buckingham Research upped their target price on Delta Air Lines from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. ValuEngine lowered Delta Air Lines from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Finally, Macquarie set a $62.00 target price on Delta Air Lines and gave the stock a “buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $66.94.

In related news, CEO Edward H. Bastian sold 30,236 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the sale, the chief executive officer now owns 323,955 shares of the company’s stock, valued at $18,643,610.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company’s stock.

Shares of Delta Air Lines stock traded down $2.68 on Monday, hitting $56.14. The stock had a trading volume of 1,567,286 shares, compared to its average volume of 6,977,594. Delta Air Lines, Inc. has a twelve month low of $46.90 and a twelve month high of $63.44. The business’s 50 day moving average is $58.79 and its two-hundred day moving average is $57.91. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a market cap of $38.03 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, January 14th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.30. The business had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.37 billion. Delta Air Lines had a return on equity of 33.28% and a net margin of 10.14%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.26 earnings per share for the current fiscal year.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Read More: Dividend Stocks – Are They Right For You?

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.