Lecap Asset Management Ltd. Invests $568,000 in Delta Air Lines, Inc. $DAL

Lecap Asset Management Ltd. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the transportation company’s stock, valued at approximately $568,000.

A number of other large investors have also bought and sold shares of the business. Signature Resources Capital Management LLC bought a new position in Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC lifted its position in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. Activest Wealth Management lifted its position in Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares in the last quarter. Kilter Group LLC acquired a new position in Delta Air Lines in the 2nd quarter worth $35,000. Finally, Chung Wu Investment Group LLC bought a new position in Delta Air Lines during the 2nd quarter worth about $49,000. 69.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on DAL shares. Evercore ISI boosted their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 price target on shares of Delta Air Lines in a research note on Friday, December 19th. Citigroup reissued a “buy” rating on shares of Delta Air Lines in a research report on Wednesday. Finally, Wolfe Research decreased their target price on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $75.99.

Insider Activity

In other news, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This trade represents a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

DAL opened at $71.30 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $73.16. The business has a 50 day moving average of $65.21 and a 200-day moving average of $59.86. The stock has a market cap of $46.55 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.17 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The business had revenue of $8.40 billion for the quarter. On average, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.