China Southern Airlines Co (NYSE:ZNH) shares gapped down before the market opened on Thursday . The stock had previously closed at $29.91, but opened at $31.17. China Southern Airlines shares last traded at $32.72, with a volume of 15,730 shares.

Separately, Zacks Investment Research raised 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 $6.59 billion and a PE ratio of 9.47. The company has a 50-day moving average of $29.48 and a 200-day moving average of $30.31.

The business also recently announced a dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, June 10th were issued a dividend of $0.529 per share. The ex-dividend date was Wednesday, June 8th.

A hedge fund recently raised its stake in China Southern Airlines stock. First Trust Advisors LP raised its position in 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 fund 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 at the end of the most recent quarter.

China Southern Airlines Company Limited is engaged in airline operations. The Company also operates certain airline related businesses, including provision of aircraft maintenance and air catering services. The Company operates through the airline transportation operations segment. The Company’s other segments consist primarily of business segments of hotel and tour operation, ground services, cargo handling and other miscellaneous services.

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