Calamos Advisors LLC Sells 52,000 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Calamos Advisors LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,709 shares of the transportation company’s stock after selling 52,000 shares during the quarter. Calamos Advisors LLC’s holdings in Delta Air Lines were worth $19,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines in the third quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $30,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines in the 3rd quarter valued at about $31,000. Finally, Modus Advisors LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at approximately $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $66.55 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market cap of $42.94 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.78 and a beta of 1.35. The company’s 50 day moving average is $63.59 and its 200 day moving average is $54.09. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,150 shares of company stock valued at $8,735,936. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on DAL. JPMorgan Chase & Co. boosted their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Bank of America boosted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Susquehanna lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. Finally, Sanford C. Bernstein boosted their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines 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.