China Southern Airlines Co (NYSE:ZNH) shares gapped up before the market opened on Tuesday . The stock had previously closed at $30.29, but opened at $30.90. China Southern Airlines shares last traded at $31.92, with a volume of 14,192 shares trading hands.

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

The company has a market cap of $6.34 billion and a price-to-earnings ratio of 9.12. The company has a 50 day moving average of $29.27 and a 200 day moving average of $30.27.

The business also recently declared a dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, June 10th were paid 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 increased its position in shares of China Southern Airlines Co (NYSE:ZNH) by 26.7% during the fourth quarter, according to its most recent 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 filing with the SEC.

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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