ClariVest Asset Management LLC Purchases 288,063 Shares of Delta Air Lines, Inc. (DAL)

Share on StockTwits

ClariVest Asset Management LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2,400,525.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 288,075 shares of the transportation company’s stock after purchasing an additional 288,063 shares during the quarter. ClariVest Asset Management LLC’s holdings in Delta Air Lines were worth $14,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in DAL. Capital Investment Advisors LLC increased its stake in shares of Delta Air Lines by 3.8% in the 4th quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 231 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Delta Air Lines by 45.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 911 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 285 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. increased its stake in shares of Delta Air Lines by 0.6% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,453 shares of the transportation company’s stock valued at $2,617,000 after acquiring an additional 290 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in shares of Delta Air Lines by 1.1% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 30,342 shares of the transportation company’s stock valued at $1,514,000 after acquiring an additional 317 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of Delta Air Lines by 12.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,551 shares of the transportation company’s stock valued at $177,000 after acquiring an additional 388 shares during the last quarter. 89.33% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Francis S. Blake purchased 5,185 shares of Delta Air Lines stock in a transaction on Monday, January 28th. The stock was purchased at an average price of $48.17 per share, with a total value of $249,761.45. Following the transaction, the director now directly owns 47,885 shares in the company, valued at approximately $2,306,620.45. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George N. Mattson purchased 4,000 shares of Delta Air Lines stock in a transaction on Thursday, December 20th. The shares were purchased at an average cost of $50.91 per share, with a total value of $203,640.00. Following the transaction, the director now owns 72,530 shares in the company, valued at $3,692,502.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 13,185 shares of company stock valued at $664,881. Insiders own 0.33% of the company’s stock.

Shares of DAL opened at $50.47 on Monday. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $61.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.35 and a quick ratio of 0.28. The company has a market capitalization of $34.60 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, January 15th. The transportation company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. Delta Air Lines had a return on equity of 29.43% and a net margin of 8.78%. The firm had revenue of $10.74 billion during the quarter, compared to the consensus estimate of $10.71 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, February 28th. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.78%.

Several brokerages recently issued reports on DAL. Cowen reiterated an “outperform” rating and issued a $67.00 price objective on shares of Delta Air Lines in a research report on Friday, December 14th. Citigroup boosted their price objective on Delta Air Lines from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Imperial Capital boosted their price objective on Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, December 4th. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Thursday, January 3rd. Finally, Bank of America lowered Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $62.00 to $51.00 in a research report on Monday, January 14th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $67.22.

COPYRIGHT VIOLATION NOTICE: “ClariVest Asset Management LLC Purchases 288,063 Shares of Delta Air Lines, Inc. (DAL)” was posted by Macon Daily and is the property of of Macon Daily. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://macondaily.com/2019/02/11/clarivest-asset-management-llc-purchases-288063-shares-of-delta-air-lines-inc-dal.html.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Recommended Story: Marijuana Stocks Future Looks Bright

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.

Leave a Reply