Delta Air Lines call options bought in bulk by stock traders (NYSE:DAL)

On Friday there were some interesting actions related to Delta Air Lines, Inc. taking place in the options market (NYSE: DAL-Get Rating). Investors bought 71,450 call options on the company’s stock for 71,450 shares. Compared to the average volume of 54,982 call options, this represents an increase of more than 30%.

Recently, the stock market has seen significant participation from various large investors who have been buying and selling stocks. During the last quarter of 2018, Paradigm Financial Partners LLC increased its interest in Delta Air Lines by purchasing additional shares, bringing the total value of the company’s investment to $1,036,000. The amount of $29,000 was spent by Tyler Stone Wealth Management to acquire an additional investment in Delta Air Lines during the fiscal fourth quarter. Investment firm Regatta Capital Group LLC increased its stake in Delta Air Lines in the fourth quarter, adding $201,000 to the company’s overall position. During the fourth quarter, Invest LLC increased the amount of Delta Air Lines stock it owned, increasing its overall ownership percentage to 70.0. Having recently purchased an additional 2,347 shares, Invest LLC now owns a total of 35,709 common shares in the transportation company. Each share of the company is currently valued at $1,435,000. Quent Capital LLC spent approximately $304,000 in the fourth quarter to acquire a new position in Delta Air Lines. This brings the total amount invested by the company to approximately $314,000. Institutional investors currently own 67.90% of the company’s shares.
Most of the recent analyst reports have focused their attention on DAL. In a research study on Wednesday, Barclays lowered its target price on Delta Air Lines shares to $38.00 from $45.00. The reduction came from the fact that the target price was previously set at $45.00. In a research report released to the public on Monday, June 27, Evercore ISI lowered its target price on shares of Delta Air Lines from $65.00 to $56.00 in a research report published online has been published. Despite this change, they maintained their Outperform rating for the business. Finally, in a research note published on July 14, Deutsche Bank Aktiengesellschaft lowered its buy rating and price target on Delta Air Lines shares from $55.00 to $47.00.
In addition, the price target remained the same. Susquehanna Bancshares gave a “positive” rating to the company in a research report published on Tuesday, July 12th. However, due to this rating change, they lowered their price target on Delta Air Lines from $47.00 to $35.00. The company was also rated “positive” in this report. StockNews.com began reporting on Delta Air Lines shares as a research report on Wednesday. This is the last item on the agenda. They recommended that shareholders “hold” their shares in the company. Three analysts recommend that shareholders hold their current shares, fifteen analysts recommend buying shares in the company, and one analyst recommends a strong buy. According to MarketBeat, the stock was assigned a consensus price target of $49.85 and the company received an average rating of “Moderate Buy.”
On Friday, the price of a single share of NYSE: DAL rose $0.84 to hit $31.22 during the trade. 1,122,178 transactions were made, which is well below the average volume of 11,601,642 shares. The debt to equity ratio is 6.01 to 1, the quick ratio to current ratio is 0.59 to 1, and the current ratio to quick ratio is 0.66 to 1. The stock price has had a flat over the past 50 days moving average of $31.70, and its price has had a simple moving average of $34.69 for the past 200 days. Last year, Delta Air Lines stock price hit an all-time low of $27.20 and an all-time high of $46.27. The company’s beta is 1.17 and the price-to-earnings ratio is 33.94. The company currently has a market cap of $20.02 billion.
On Thursday, October 13, Delta Air Lines (NYSE: DAL-Get Rating) released the results of its most recent quarterly financial report. Quarterly earnings per share for the transportation company came in at $1.51, down $0.02 from median guidance of $1.53, for earnings of $1.53 per share corresponded. Delta Air Lines had a return on equity of 14.26% and the company had a net margin of 1.43% over the same period. The company’s revenue for the quarter was $13.98 billion, well above the median expectation of $13.62 billion for the period, which was also the company’s previous record. In the same period last year, the company earned $0.30 per share. Compared to the previous fiscal year, Delta Air Lines recorded a 52.7% increase in revenue growth. According to forecasts by industry experts, Delta Air Lines is expected to post earnings of $2.69 per share this year, according to forecasts by industry experts.

Operating regular passenger and cargo air travel both within the United States and internationally is the responsibility of Delta Air Lines, Inc. The company can be divided into its two main divisions: the refining industry and the airline business. When it was founded, it focused its domestic network on core hubs in Atlanta, Minneapolis-Saint Paul, Detroit and Salt Lake City. Boston, Los Angeles, New York-LaGuardia, New York-JFK and Seattle are the coastal centers the company currently owns. The company’s international network will develop a market presence using the airports of Amsterdam, Mexico City, London Heathrow, Paris-Charles de Gaulle and Seoul-Incheon. These airports were chosen to serve as hubs and develop a market presence.

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