Torray Holding in Bp Plc (BP) Raised by $364,344; As Delta Air Lines Del (DAL) Stock Value Declined, Mackay Shields Has Upped by $3.64 Million Its Stake

January 22, 2018 - By Marguerite Chambers

Mackay Shields Llc increased its stake in Delta Air Lines Inc Del (DAL) by 25.03% based on its latest 2017Q3 regulatory filing with the SEC. Mackay Shields Llc bought 75,868 shares as the company’s stock declined 5.91% while stock markets rallied. The institutional investor held 378,997 shares of the transportation company at the end of 2017Q3, valued at $18.28M, up from 303,129 at the end of the previous reported quarter. Mackay Shields Llc who had been investing in Delta Air Lines Inc Del for a number of months, seems to be bullish on the $42.62B market cap company. The stock increased 0.94% or $0.56 during the last trading session, reaching $60.01. About 6.19M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since January 22, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.

Torray Llc increased its stake in Bp Plc (BP) by 2.21% based on its latest 2017Q3 regulatory filing with the SEC. Torray Llc bought 9,588 shares as the company’s stock rose 10.53% with the market. The institutional investor held 443,405 shares of the integrated oil company at the end of 2017Q3, valued at $17.04M, up from 433,817 at the end of the previous reported quarter. Torray Llc who had been investing in Bp Plc for a number of months, seems to be bullish on the $131.48B market cap company. The stock decreased 1.17% or $0.5 during the last trading session, reaching $42.4. About 5.49 million shares traded or 19.72% up from the average. BP p.l.c. (NYSE:BP) has risen 15.51% since January 22, 2017 and is uptrending. It has underperformed by 1.19% the S&P500.

Among 29 analysts covering BP (NYSE:BP), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 66% are positive. BP had 53 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of BP p.l.c. (NYSE:BP) earned “Buy” rating by UBS on Wednesday, December 21. The stock of BP p.l.c. (NYSE:BP) has “Outperform” rating given on Thursday, September 10 by Bernstein. The rating was maintained by Jefferies on Wednesday, July 29 with “Buy”. The firm has “Buy” rating by J.P. Morgan given on Monday, June 12. On Friday, September 11 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Buy” rating by Credit Agricole given on Tuesday, December 15. As per Thursday, December 21, the company rating was maintained by Scotia Capital. The rating was downgraded by Societe Generale on Wednesday, July 26 to “Hold”. The stock of BP p.l.c. (NYSE:BP) earned “Buy” rating by Independent Research on Thursday, December 1. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, April 5 report.

Torray Llc, which manages about $624.45 million and $1.01B US Long portfolio, decreased its stake in Amphenol (NYSE:APH) by 4,046 shares to 222,745 shares, valued at $18.85M in 2017Q3, according to the filing. It also reduced its holding in Charles Schwab (NYSE:SCHW) by 7,251 shares in the quarter, leaving it with 539,218 shares, and cut its stake in Cerner (NASDAQ:CERN).

Since October 12, 2017, it had 1 buying transaction, and 10 sales for $23.75 million activity. $604,333 worth of Delta Air Lines, Inc. (NYSE:DAL) was sold by Sear Steven M on Monday, December 18. Shares for $1.43M were sold by Smith Joanne D on Tuesday, January 16. The insider HAUENSTEIN GLEN W sold 31,600 shares worth $1.76 million. $8.45 million worth of Delta Air Lines, Inc. (NYSE:DAL) shares were sold by Bastian Edward H. On Friday, January 12 the insider BLAKE FRANCIS S bought $200,193.

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. Cowen & Co maintained Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, July 6 with “Outperform” rating. Deutsche Bank maintained Delta Air Lines, Inc. (NYSE:DAL) on Friday, July 14 with “Buy” rating. Imperial Capital initiated it with “In-Line” rating and $41 target in Wednesday, August 24 report. On Monday, December 18 the stock rating was maintained by Stephens with “Buy”. The firm earned “Overweight” rating on Thursday, April 28 by Morgan Stanley. Stifel Nicolaus maintained Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, January 10 with “Buy” rating. Cowen & Co maintained Delta Air Lines, Inc. (NYSE:DAL) on Thursday, September 28 with “Outperform” rating. The rating was maintained by Imperial Capital with “Buy” on Friday, January 12. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Credit Suisse on Wednesday, July 6. The rating was maintained by Evercore with “Outperform” on Friday, April 7.

Mackay Shields Llc, which manages about $81.03 billion and $2.69 billion US Long portfolio, decreased its stake in Electronics For Imaging Inc (Prn) by 1.65M shares to 452,000 shares, valued at $471,000 in 2017Q3, according to the filing. It also reduced its holding in Eaton Vance New York Mun Bd (ENX) by 93,847 shares in the quarter, leaving it with 481,489 shares, and cut its stake in Liberty Interactive Llc (Prn).

Investors sentiment increased to 1.15 in 2017 Q3. 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. Rudman Errol M invested in 5.78% or 208,710 shares. Hbk Invs LP has invested 0.11% in Delta Air Lines, Inc. (NYSE:DAL). State Common Retirement Fund accumulated 1.93 million shares or 0.12% of the stock. Company Bancshares invested in 0.01% or 17,190 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 101,915 shares. Cypress Asset Mngmt Incorporated Tx reported 0.17% stake. The New York-based Investec Asset North America has invested 0.28% in Delta Air Lines, Inc. (NYSE:DAL). 213,632 are held by Williams Jones And Associate Limited Co. Palladium Prtn Limited Liability Co reported 0.35% in Delta Air Lines, Inc. (NYSE:DAL). Franklin Res holds 0% in Delta Air Lines, Inc. (NYSE:DAL) or 37,566 shares. First Quadrant Lp Ca invested in 0.12% or 126,065 shares. Tudor Inv Et Al holds 0.26% or 207,860 shares in its portfolio. Howe Rusling Inc reported 0.01% stake. Teewinot Cap Advisers Lc holds 118,811 shares. Cantab Cap Llp holds 0.31% or 44,747 shares in its portfolio.

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