Deutsche Lufthansa AG $DLAKY Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,270 shares of the transportation company’s stock after acquiring an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent filing with the SEC.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DZ Bank upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Sanford C. Bernstein lowered shares of Deutsche Lufthansa from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 2nd. Finally, Barclays raised shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of DLAKY opened at $8.60 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.15. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 1.30 and a beta of 1.10. The business’s fifty day simple moving average is $8.98 and its two-hundred day simple moving average is $8.18. Deutsche Lufthansa AG has a 12 month low of $5.69 and a 12 month high of $9.72.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.45. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%.The firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.81 billion. Research analysts anticipate that Deutsche Lufthansa AG will post 0.87 earnings per share for the current fiscal year.

Deutsche Lufthansa Profile

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.