China Southern Airlines Co (NYSE:ZNH)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $28.50, but opened at $29.01. China Southern Airlines shares last traded at $30.44, with a volume of 43,251 shares.

Separately, Zacks Investment Research upgraded China Southern Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th.

The company has a market capitalization of $6.04 billion and a P/E ratio of 8.68. The company’s 50-day moving average is $28.89 and its 200-day moving average is $30.57.

The business also recently disclosed a dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, June 10th will be given a dividend of $0.529 per share. The ex-dividend date of this dividend is Wednesday, June 8th.

A hedge fund recently raised its stake in China Southern Airlines stock. First Trust Advisors LP raised its position in shares of China Southern Airlines Co (NYSE:ZNH) by 26.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,446 shares of the company’s stock after buying an additional 9,353 shares during the period. First Trust Advisors LP’s holdings in China Southern Airlines were worth $1,696,000 as of its most recent SEC filing.

China Southern Airlines Company Limited is a provider of airline services. The Company and its subsidiaries are principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other transportation services. The Company also offers certain airline related services, including provision of aircraft maintenance and air catering services.

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