Apple Com (AAPL) Shares Rose While Barrett Asset Management Cut Stake; Owl Creek Asset Management LP Increases Stake in Delta Air Lines Del (DAL)

February 15, 2018 - By Dolores Ford

Jeffrey Altman increased its stake in Delta Air Lines Inc Del (DAL) by 91.12% based on its latest 2017Q3 regulatory filing with the SEC. Owl Creek Asset Management Lp bought 752,229 shares as the company’s stock declined 5.91% while stock markets rallied. The hedge fund run by Jeffrey Altman held 1.58 million shares of the transportation company at the end of 2017Q3, valued at $76.08M, up from 825,500 at the end of the previous reported quarter. Owl Creek Asset Management Lp who had been investing in Delta Air Lines Inc Del for a number of months, seems to be bullish on the $37.31B market cap company. The stock increased 0.65% or $0.34 during the last trading session, reaching $52.54. About 2.97 million shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since February 15, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.

Barrett Asset Management Llc decreased its stake in Apple Inc Com (AAPL) by 2% based on its latest 2017Q3 regulatory filing with the SEC. Barrett Asset Management Llc sold 4,599 shares as the company’s stock rose 12.78% with the market. The institutional investor held 225,869 shares of the computer manufacturing company at the end of 2017Q3, valued at $34.81M, down from 230,468 at the end of the previous reported quarter. Barrett Asset Management Llc who had been investing in Apple Inc Com for a number of months, seems to be less bullish one the $875.42 billion market cap company. The stock increased 3.08% or $5.16 during the last trading session, reaching $172.53. About 36.73M shares traded or 10.46% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 15, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.17, from 0.98 in 2017Q2. It is positive, 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. Foster And Motley holds 10,265 shares or 0.09% of its portfolio. Capital Fund Mngmt holds 0.16% or 476,010 shares in its portfolio. Kings Point Capital Mngmt invested 0.01% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Ibm Retirement Fund accumulated 0.17% or 17,019 shares. Armstrong Shaw Ct reported 73,142 shares. Renaissance Limited Liability Corp owns 1.61 million shares. 5,500 were reported by Quantres Asset Management Ltd. Moreover, Ws Management Lllp has 0.46% invested in Delta Air Lines, Inc. (NYSE:DAL) for 378,900 shares. Andra Ap invested in 0.06% or 57,400 shares. Tide Point Capital Management Ltd Partnership reported 2.88% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). The Montana-based Da Davidson Communications has invested 0.01% in Delta Air Lines, Inc. (NYSE:DAL). 8,570 are owned by Baxter Bros. Friess Assocs Limited holds 1.24% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 292,500 shares. Advantus Cap invested in 0.08% or 67,160 shares. Sound Shore Ct reported 2.34% in Delta Air Lines, Inc. (NYSE:DAL).

Owl Creek Asset Management Lp, which manages about $6.06 billion and $1.80 billion US Long portfolio, decreased its stake in Cit Group Inc (NYSE:CIT) by 675,400 shares to 2.44M shares, valued at $119.75 million in 2017Q3, according to the filing. It also reduced its holding in Citigroup Inc (NYSE:C) by 11,200 shares in the quarter, leaving it with 1.70 million shares, and cut its stake in Altaba Inc.

Since October 12, 2017, it had 1 insider purchase, and 12 selling transactions for $26.14 million activity. West W Gilbert had sold 9,000 shares worth $504,540. $2.40M worth of Delta Air Lines, Inc. (NYSE:DAL) shares were sold by Jacobson Paul A. $4.10 million worth of stock was sold by Bastian Edward H on Tuesday, December 19. 31,600 shares valued at $1.76M were sold by HAUENSTEIN GLEN W on Friday, December 15. The insider Smith Joanne D sold $1.43 million. On Friday, January 12 BLAKE FRANCIS S bought $200,193 worth of Delta Air Lines, Inc. (NYSE:DAL) or 3,350 shares.

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 68 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, December 18 by Stephens. The firm has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. The rating was maintained by Stifel Nicolaus on Wednesday, January 10 with “Buy”. The firm earned “Buy” rating on Monday, August 14 by Cowen & Co. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, July 6 report. Imperial Capital maintained the stock with “Buy” rating in Friday, January 12 report. Raymond James maintained Delta Air Lines, Inc. (NYSE:DAL) on Thursday, December 14 with “Buy” rating. The rating was downgraded by Evercore on Friday, July 15 to “Hold”. The company was maintained on Thursday, May 25 by Stifel Nicolaus. Argus Research maintained Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, October 21 with “Buy” rating.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Patriot Wealth Management accumulated 100,617 shares. Meridian Mgmt reported 27,323 shares. 20,165 were reported by Bridgewater Assoc L P. Magnetar Financial invested 0.05% of its portfolio in Apple Inc. (NASDAQ:AAPL). Cypress Capital Mngmt (Wy) holds 6.03% or 33,086 shares in its portfolio. James Research, a Ohio-based fund reported 81,477 shares. Regis Mgmt Limited Liability Company reported 0.18% of its portfolio in Apple Inc. (NASDAQ:AAPL). Asset Group Incorporated reported 1.36% in Apple Inc. (NASDAQ:AAPL). Chem Commercial Bank owns 92,249 shares for 1.58% of their portfolio. First City Cap Mgmt Inc invested 0.98% of its portfolio in Apple Inc. (NASDAQ:AAPL). Univest Of Pennsylvania reported 2.21% stake. Eagleclaw Cap Managment Limited Liability Company invested 5.37% of its portfolio in Apple Inc. (NASDAQ:AAPL). Nordea Investment Mngmt Ab has invested 3.58% in Apple Inc. (NASDAQ:AAPL). 3.46M are held by Retirement Systems Of Alabama. Oarsman Capital owns 21,839 shares for 1.42% of their portfolio.

Barrett Asset Management Llc, which manages about $1.48 billion and $1.37 billion US Long portfolio, upped its stake in Berkshire Hathaway Inc Del Cl (BRKB) by 2,485 shares to 72,385 shares, valued at $13.27M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr Msci Eafe Etf (EFA) by 7,115 shares in the quarter, for a total of 80,966 shares, and has risen its stake in Microsoft Corp Com (NASDAQ:MSFT).

Since August 15, 2017, it had 0 insider purchases, and 7 insider sales for $70.47 million activity. COOK TIMOTHY D sold $43.15 million worth of Apple Inc. (NASDAQ:AAPL) on Thursday, August 24. On Wednesday, August 16 Srouji Johny sold $1.70 million worth of Apple Inc. (NASDAQ:AAPL) or 10,469 shares. $8.79M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W. Another trade for 63,388 shares valued at $9.78M was sold by AHRENDTS ANGELA J. Shares for $1.01 million were sold by KONDO CHRIS on Tuesday, August 15.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 17 Hold. Therefore 66% are positive. Apple Inc. had 377 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Overweight” rating in Wednesday, April 27 report. Barclays Capital downgraded Apple Inc. (NASDAQ:AAPL) on Tuesday, January 24 to “Equal-Weight” rating. Deutsche Bank maintained the stock with “Hold” rating in Monday, January 11 report. The rating was maintained by UBS with “Buy” on Wednesday, January 27. The rating was maintained by KeyBanc Capital Markets on Wednesday, June 28 with “Hold”. On Thursday, January 18 the stock rating was maintained by Guggenheim with “Buy”. The firm has “Outperform” rating by Credit Suisse given on Thursday, September 15. The rating was maintained by Robert W. Baird with “Buy” on Friday, June 2. KeyBanc Capital Markets downgraded Apple Inc. (NASDAQ:AAPL) on Monday, June 5 to “Hold” rating. Wells Fargo downgraded Apple Inc. (NASDAQ:AAPL) on Thursday, September 8 to “Market Perform” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts