Gendell Jeffrey L Has Cut Its Position in Delta Air Lines INC Del (DAL) as Stock Price Declined

January 20, 2018 - By Maria Brooks

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. Pinnacle Assocs has 78,138 shares for 0.07% of their portfolio. Nomura Asset Mgmt Ltd stated it has 28,986 shares or 0.02% of all its holdings. Bryn Mawr Tru holds 0.01% in Delta Air Lines, Inc. (NYSE:DAL) or 5,199 shares. Tide Point Cap Ltd Partnership invested in 1.16 million shares or 2.88% of the stock. Asset Mgmt One stated it has 0.03% in Delta Air Lines, Inc. (NYSE:DAL). Skylands Cap Ltd Liability has invested 1.04% in Delta Air Lines, Inc. (NYSE:DAL). Masters Cap Mngmt Limited Liability has invested 1.12% in Delta Air Lines, Inc. (NYSE:DAL). Creative Planning reported 85,284 shares stake. Edge Wealth Mngmt Ltd Liability has invested 1.26% in Delta Air Lines, Inc. (NYSE:DAL). State Of Wisconsin Invest Board reported 0.08% stake. Highvista Strategies Ltd Liability Co stated it has 0.07% in Delta Air Lines, Inc. (NYSE:DAL). Loews reported 14,510 shares. Lpl Fin Lc has 101,794 shares. Jane Street Limited Liability Corp owns 372,587 shares. Canada Pension Plan Board holds 655,841 shares or 0.06% of its portfolio.

Since October 12, 2017, it had 1 buying transaction, and 10 insider sales for $23.75 million activity. Another trade for 33,863 shares valued at $1.82M was made by Smith Joanne D on Friday, October 13. $4.10M worth of stock was sold by Bastian Edward H on Tuesday, December 19. 6,898 shares valued at $365,628 were sold by Sear Steven M on Thursday, October 12. The insider Jacobson Paul A sold $2.97M. BLAKE FRANCIS S also bought $200,193 worth of Delta Air Lines, Inc. (NYSE:DAL) shares.

Gendell Jeffrey L decreased its stake in Delta Air Lines Inc Del (DAL) by 48.36% based on its latest 2017Q3 regulatory filing with the SEC. Gendell Jeffrey L sold 310,654 shares as the company’s stock declined 5.91% while stock markets rallied. The institutional investor held 331,764 shares of the transportation company at the end of 2017Q3, valued at $16.00M, down from 642,418 at the end of the previous reported quarter. Gendell Jeffrey L who had been investing in Delta Air Lines Inc Del for a number of months, seems to be less bullish one the $42.62 billion market cap company. The stock increased 0.94% or $0.56 during the last trading session, reaching $60.01. About 6.19 million shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since January 20, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.

Gendell Jeffrey L, which manages about $1.25 billion US Long portfolio, upped its stake in Keycorp New (NYSE:KEY) by 300,000 shares to 380,000 shares, valued at $7.15 million in 2017Q3, according to the filing. It also increased its holding in American Airls Group Inc (NASDAQ:AAL) by 1.29 million shares in the quarter, for a total of 1.39 million shares, and has risen its stake in Fifth Third Bancorp (NASDAQ:FITB).

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Fool.com which released: “Delta Air Lines, Inc. Q4 Earnings: Revenue Momentum Returns” on January 11, 2018, also Seekingalpha.com with their article: “Delta Air Lines: Multiple Expansion Ahead” published on January 12, 2018, Usnews.com published: “DAL Earnings: What to Expect From Delta Stock” on January 09, 2018. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Seekingalpha.com and their article: “Delta Air Lines: Can It Leave Other Legacy Carriers In The Dust?” published on January 19, 2018 as well as Fool.com‘s news article titled: “5 Highlights From Delta Air Lines, Inc.’s Q4 Earnings Call” with publication date: January 16, 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 has $85.0 highest and $41 lowest target. $63.85’s average target is 6.40% above currents $60.01 stock price. Delta Air Lines had 68 analyst reports since August 3, 2015 according to SRatingsIntel. Deutsche Bank maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Friday, July 15. Deutsche Bank has “Buy” rating and $49 target. The firm earned “Outperform” rating on Friday, December 18 by Cowen & Co. The company was maintained on Friday, September 22 by Stifel Nicolaus. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Cowen & Co on Monday, July 10. The company was maintained on Monday, October 23 by Stifel Nicolaus. The rating was maintained by Argus Research with “Buy” on Wednesday, January 13. The firm earned “Outperform” rating on Thursday, March 16 by Evercore. As per Thursday, December 14, the company rating was maintained by Raymond James. The firm earned “In-Line” rating on Friday, October 14 by Imperial Capital. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 13.

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