China Southern Airlines Co (ZNH) Shares Gap Up to $32.96
China Southern Airlines Co (NYSE:ZNH) shares gapped up before the market opened on Friday . The stock had previously closed at $32.35, but opened at $32.96. China Southern Airlines shares last traded at $33.82, with a volume of 15,518 shares trading hands.
Separately, Zacks Investment Research upgraded China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th.
The firm’s 50-day moving average price is $30.81 and its 200 day moving average price is $30.48. The stock has a market cap of $6.73 billion and a P/E ratio of 9.53.
The business also recently announced a dividend, which was paid on Thursday, July 14th. Investors of record on Friday, June 10th were issued a $0.529 dividend. The ex-dividend date was Wednesday, June 8th.
A hedge fund recently raised its stake in China Southern Airlines stock. First Trust Advisors LP boosted its position in shares of China Southern Airlines Co (NYSE:ZNH) by 26.7% during the fourth quarter, according to its most recent disclosure with the 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 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.