Stelliam Investment Management LP Has Decreased Holding in Delta Air Lines INC Del (DAL) by $9.24 Million as Stock Value Declined

March 14, 2018 - By Michael Collier

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.17, from 0.98 in 2017Q2. It improved, as 69 investors sold DAL shares while 247 reduced holdings. 92 funds opened positions while 271 raised stakes. 589.14 million shares or 3.18% less from 608.49 million shares in 2017Q2 were reported. Glg Ltd Company has 44,489 shares. 4,846 were accumulated by Fiduciary. Highbridge Capital Mgmt Ltd Liability Corporation accumulated 13,250 shares. 815,509 were accumulated by Nwq Invest Mgmt Limited Liability. New York-based Tocqueville Asset Management Limited Partnership has invested 0.34% in Delta Air Lines, Inc. (NYSE:DAL). Beach Inv Counsel Pa invested in 310,300 shares. Stelliam Inv Mgmt LP has 3.18 million shares for 4.67% of their portfolio. Hudock Cap Grp Inc Ltd Liability Corporation owns 1,477 shares or 0.03% of their US portfolio. Tnb reported 0.04% stake. Maryland-based Montgomery Inv Incorporated has invested 1.33% in Delta Air Lines, Inc. (NYSE:DAL). Foster And Motley Inc invested in 10,265 shares. Paradigm Limited Co has 0.85% invested in Delta Air Lines, Inc. (NYSE:DAL). 11,349 were accumulated by Meridian Counsel. Winfield Assocs Inc invested 0.01% in Delta Air Lines, Inc. (NYSE:DAL). Suntrust Banks Inc accumulated 0.15% or 565,985 shares.

Since October 12, 2017, it had 1 buy, and 12 insider sales for $26.14 million activity. 33,863 shares were sold by Smith Joanne D, worth $1.82 million. On Friday, January 12 the insider BLAKE FRANCIS S bought $200,193. Sear Steven M had sold 10,783 shares worth $604,333. The insider Bastian Edward H sold 159,240 shares worth $8.45M. West W Gilbert had sold 9,000 shares worth $504,540. The insider HAUENSTEIN GLEN W sold 31,600 shares worth $1.76 million.

Ross Margolies decreased its stake in Delta Air Lines Inc Del (DAL) by 5.71% based on its latest 2017Q3 regulatory filing with the SEC. Stelliam Investment Management Lp sold 192,500 shares as the company’s stock declined 5.91% while stock markets rallied. The hedge fund run by Ross Margolies held 3.18 million shares of the transportation company at the end of 2017Q3, valued at $153.34 million, down from 3.37 million at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Delta Air Lines Inc Del for a number of months, seems to be less bullish one the $39.76 billion market cap company. The stock decreased 0.25% or $0.14 during the last trading session, reaching $56.45. About 4.59M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since March 14, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.

Stelliam Investment Management Lp, which manages about $3.51B and $3.28 billion US Long portfolio, upped its stake in Range Res Corp (NYSE:RRC) by 415,000 shares to 8.43 million shares, valued at $164.93M in 2017Q3, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 82,500 shares in the quarter, for a total of 1.11 million shares, and has risen its stake in American Airls Group Inc (NASDAQ:AAL).

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on April, 11. They expect $0.77 earnings per share, 0.00 % or $0.00 from last year’s $0.77 per share. DAL’s profit will be $542.31M for 18.33 P/E if the $0.77 EPS becomes a reality. After $0.96 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts -19.79 % negative EPS growth.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: which released: “Jet Airways, Air France-KLM, Delta consortium may bid for Air India – PTI in Mint” on March 12, 2018, also with their article: “Georgia punishes Delta for crossing the NRA; airline insists it’s ‘not taking …” published on March 02, 2018, published: “Delta and United Airlines Cut Ties With NRA Amid Call to Boycott” on February 24, 2018. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: and their article: “Delta Air Lines (DAL) Says It’s on Track to Achieve Full Year EPS Guidance” published on March 13, 2018 as well as‘s news article titled: “Delta adding another Sky Club (Renderings)” with publication date: March 14, 2018.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Delta Air Lines had 69 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 3 by UBS. Stifel Nicolaus maintained it with “Buy” rating and $80.0 target in Sunday, August 20 report. The firm has “Buy” rating given on Friday, July 15 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Monday, December 5. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Stifel Nicolaus on Monday, October 23. The firm has “Buy” rating by Buckingham Research given on Wednesday, October 5. The company was maintained on Wednesday, October 21 by Argus Research. The firm earned “Buy” rating on Tuesday, September 1 by Deutsche Bank. The firm has “Outperform” rating by Cowen & Co given on Thursday, September 28. The firm earned “Buy” rating on Monday, July 10 by Cowen & Co.

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