As Delta Air Lines Del (DAL) Stock Price Declined, Holder Oz Management LP Has Cut by $16.69 Million Its Position; Caesars Entmt (Call) (CZR) Stake Increased by Incline Global Management Llc

May 21, 2018 - By Marie Mckinney

Delta Air Lines, Inc. (NYSE:DAL) Logo

Jeff Lignelli increased its stake in Caesars Entmt Corp (Call) (CZR) by 707.12% based on its latest 2017Q4 regulatory filing with the SEC. Incline Global Management Llc bought 4.00M shares as the company’s stock declined 12.35% with the market. The hedge fund run by Jeff Lignelli held 4.56M shares of the hotels and resorts company at the end of 2017Q4, valued at $57.69M, up from 565,000 at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Caesars Entmt Corp (Call) for a number of months, seems to be bullish on the $8.92 billion market cap company. The stock increased 1.17% or $0.15 during the last trading session, reaching $13. About 7.75 million shares traded. Caesars Entertainment Corporation (NASDAQ:CZR) has risen 18.92% since May 21, 2017 and is uptrending. It has outperformed by 7.37% the S&P500.

Daniel S. Och decreased its stake in Delta Air Lines Inc Del (DAL) by 98.62% based on its latest 2017Q4 regulatory filing with the SEC. Oz Management Lp sold 298,040 shares as the company’s stock declined 3.16% with the market. The hedge fund run by Daniel S. Och held 4,160 shares of the transportation company at the end of 2017Q4, valued at $233,000, down from 302,200 at the end of the previous reported quarter. Oz Management Lp who had been investing in Delta Air Lines Inc Del for a number of months, seems to be less bullish one the $37.88 billion market cap company. The stock increased 2.36% or $1.25 during the last trading session, reaching $54.2. About 2.97M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 17.70% since May 21, 2017 and is uptrending. It has outperformed by 6.15% the S&P500.

Since December 15, 2017, it had 1 buy, and 11 insider sales for $17.85 million activity. West W Gilbert also sold $504,540 worth of Delta Air Lines, Inc. (NYSE:DAL) shares. The insider Jacobson Paul A sold 49,362 shares worth $2.97M. Another trade for 25,000 shares valued at $1.38M was sold by Bastian Edward H. Smith Joanne D also sold $50,511 worth of Delta Air Lines, Inc. (NYSE:DAL) on Monday, December 18. $200,193 worth of Delta Air Lines, Inc. (NYSE:DAL) shares were bought by BLAKE FRANCIS S. HAUENSTEIN GLEN W sold $1.76M worth of stock.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.04, from 1.15 in 2017Q3. It is negative, as 54 investors sold DAL shares while 267 reduced holdings. 104 funds opened positions while 251 raised stakes. 583.95 million shares or 0.88% less from 589.14 million shares in 2017Q3 were reported. Guggenheim Cap Limited Liability invested in 1.19M shares or 0.16% of the stock. Balyasny Asset Mngmt Ltd Liability Company stated it has 310,729 shares. Birinyi Assocs, Connecticut-based fund reported 6,500 shares. Zweig reported 179,398 shares. Brown Advisory stated it has 0.28% in Delta Air Lines, Inc. (NYSE:DAL). Coldstream Cap Inc invested in 0.04% or 5,802 shares. Raymond James Serv invested in 234,156 shares. Wedge L Lp Nc owns 349,008 shares or 0.18% of their US portfolio. Sei Invests stated it has 394,519 shares or 0.08% of all its holdings. Alyeska Investment Grp Ltd Partnership reported 2.52M shares or 1.21% of all its holdings. Anchor Bolt Capital Lp, a Illinois-based fund reported 1.68 million shares. D Scott Neal Incorporated reported 196 shares. Hbk Invs LP accumulated 388,600 shares or 0.2% of the stock. Colrain Capital Ltd Liability Corporation has invested 3.31% in Delta Air Lines, Inc. (NYSE:DAL). Rockefeller Svcs invested 0% in Delta Air Lines, Inc. (NYSE:DAL).

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 had 76 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, January 12, the company rating was maintained by Imperial Capital. The stock has “Overweight” rating by Morgan Stanley on Friday, July 14. As per Tuesday, October 11, the company rating was initiated by Bernstein. The company was upgraded on Tuesday, September 1 by Deutsche Bank. The rating was downgraded by Evercore on Friday, July 15 to “Hold”. Imperial Capital maintained the stock with “In-Line” rating in Friday, October 14 report. Deutsche Bank maintained the shares of DAL in report on Monday, October 5 with “Buy” rating. Morgan Stanley maintained the shares of DAL in report on Thursday, April 28 with “Overweight” rating. JP Morgan maintained it with “Overweight” rating and $68 target in Wednesday, November 1 report. The firm has “Buy” rating given on Wednesday, January 10 by Stifel Nicolaus.

Oz Management Lp, which manages about $56.28 billion and $20.00B US Long portfolio, upped its stake in Tesla Inc (Prn) by 17.61 million shares to 91.51 million shares, valued at $98.85 million in 2017Q4, according to the filing. It also increased its holding in Ocean Rig Udw Inc by 297,877 shares in the quarter, for a total of 4.32M shares, and has risen its stake in Bank Amer Corp (Call) (NYSE:BAC).

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Bizjournals.com which released: “More flights to Boston for Tampa International Airport” on May 17, 2018, also Seekingalpha.com with their article: “Delta And Navigating An Oligopoly (Podcast)” published on May 08, 2018, Seekingalpha.com published: “Delta Air Lines, Inc. Dividend Stock Analysis” on May 07, 2018. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: 247Wallst.com and their article: “United Continental CFO Leaves Instead of CEO” published on May 17, 2018 as well as Bizjournals.com‘s news article titled: “Why American Airlines launched a shuttle between Chicago and New York” with publication date: May 21, 2018.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on July, 12. They expect $1.91 earnings per share, up 16.46% or $0.27 from last year’s $1.64 per share. DAL’s profit will be $1.33 billion for 7.09 P/E if the $1.91 EPS becomes a reality. After $0.74 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 158.11% EPS growth.

Incline Global Management Llc, which manages about $222.93 million and $1.80B US Long portfolio, decreased its stake in Mohawk Inds Inc (Call) (NYSE:MHK) by 160,565 shares to 141,000 shares, valued at $38.90M in 2017Q4, according to the filing. It also reduced its holding in Alphabet Inc by 35,349 shares in the quarter, leaving it with 14,651 shares, and cut its stake in Intercontinental Exchange In (NYSE:ICE).

Since March 20, 2018, it had 0 buys, and 1 insider sale for $66,825 activity.

Investors sentiment increased to 4.4 in Q4 2017. Its up 2.81, from 1.59 in 2017Q3. It increased, as 16 investors sold CZR shares while 29 reduced holdings. 115 funds opened positions while 83 raised stakes. 1.25 billion shares or 802.48% more from 138.17 million shares in 2017Q3 were reported. Federated Invsts Pa owns 331 shares or 0% of their US portfolio. State Street holds 2.86 million shares or 0% of its portfolio. Geode Cap Mgmt Limited has invested 0.01% in Caesars Entertainment Corporation (NASDAQ:CZR). Wells Fargo And Company Mn has 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 138,552 shares. Arrowmark Colorado Holdings Limited Liability Corporation stated it has 350,000 shares or 0.04% of all its holdings. Employees Retirement Association Of Colorado holds 7,713 shares. York Cap Management Advisors Limited Co accumulated 1.77M shares. 4,062 are owned by Whittier Tru. Ahl Limited Liability Partnership reported 60,438 shares. Tower Rech Cap Limited Liability (Trc) owns 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 847 shares. The California-based Aperio Grp Inc Lc has invested 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Trust Communication Of Vermont owns 2,674 shares or 0% of their US portfolio. Public Employees Retirement Sys Of Ohio invested in 6,257 shares. Shapiro Management Ltd Llc stated it has 17.81 million shares. Balyasny Asset Mgmt holds 3.80M shares.

More notable recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Fool.com which released: “Caesars Entertainment Still Sees Bright Future in Las Vegas” on May 12, 2018, also Nasdaq.com with their article: “Why Caesars Entertainment, NXP Semiconductor, and Symantec Jumped Today” published on May 14, 2018, Seekingalpha.com published: “Highlights from Appaloosa’s Q1” on May 15, 2018. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) were released by: Seekingalpha.com and their article: “Caesars Entertainment 2018 Q1 – Results – Earnings Call Slides” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Caesars preps for Japan marathon” with publication date: May 11, 2018.

Among 6 analysts covering Caesars Entertainment (NASDAQ:CZR), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Caesars Entertainment had 10 analyst reports since December 14, 2015 according to SRatingsIntel. The stock of Caesars Entertainment Corporation (NASDAQ:CZR) has “Underweight” rating given on Monday, December 14 by Barclays Capital. The firm earned “Buy” rating on Monday, February 5 by SunTrust. The stock of Caesars Entertainment Corporation (NASDAQ:CZR) earned “Buy” rating by Oppenheimer on Wednesday, May 31. Nomura upgraded Caesars Entertainment Corporation (NASDAQ:CZR) on Wednesday, March 7 to “Buy” rating. On Tuesday, October 24 the stock rating was maintained by SunTrust with “Buy”. The rating was maintained by Oppenheimer on Tuesday, June 6 with “Buy”. Nomura initiated the stock with “Hold” rating in Friday, October 6 report.

Delta Air Lines, Inc. (NYSE:DAL) Institutional Positions Chart

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