Cooper Creek Partners Management LLC Acquires New Stake in Delta Air Lines, Inc. (NYSE:DAL)

Cooper Creek Partners Management LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 334,578 shares of the transportation company's stock, valued at approximately $20,242,000. Cooper Creek Partners Management LLC owned about 0.05% of Delta Air Lines at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DAL. Boston Partners purchased a new position in Delta Air Lines in the 4th quarter worth $328,398,000. Norges Bank purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $152,342,000. FMR LLC grew its holdings in shares of Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock worth $602,327,000 after purchasing an additional 2,254,560 shares during the last quarter. Lansdowne Partners UK LLP raised its holdings in Delta Air Lines by 67.4% during the 4th quarter. Lansdowne Partners UK LLP now owns 3,445,447 shares of the transportation company's stock valued at $208,450,000 after buying an additional 1,387,201 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Delta Air Lines during the 4th quarter valued at $64,577,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

NYSE DAL traded up $0.22 during trading hours on Friday, hitting $40.81. The company's stock had a trading volume of 8,109,884 shares, compared to its average volume of 9,285,699. 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 company has a market cap of $26.38 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company's 50 day simple moving average is $50.20 and its two-hundred day simple moving average is $57.35. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.47%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the transaction, the executive vice president now directly owns 35,889 shares of the company's stock, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares of the company's stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 154,486 shares of company stock worth $10,561,895 over the last quarter. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of analyst reports. UBS Group lowered shares of Delta Air Lines from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $77.00 to $42.00 in a report on Monday, April 7th. Citigroup cut their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group cut their target price 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. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Raymond James reduced their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Four 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.06.

Delta Air Lines Company Profile

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.