China Southern Airlines (NYSE:ZNH) was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.
Shares of China Southern Airlines (ZNH) traded up $3.05 during trading on Thursday, reaching $58.45. The company had a trading volume of 54,400 shares, compared to its average volume of 48,088. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.27 and a current ratio of 0.30. The company has a market capitalization of $15,830.00, a price-to-earnings ratio of 15.55 and a beta of 1.21. China Southern Airlines has a 1 year low of $27.83 and a 1 year high of $59.94.
A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in China Southern Airlines by 10.8% in the third quarter. Envestnet Asset Management Inc. now owns 15,685 shares of the transportation company’s stock valued at $539,000 after acquiring an additional 1,529 shares during the period. Parametric Portfolio Associates LLC boosted its stake in China Southern Airlines by 4.8% in the second quarter. Parametric Portfolio Associates LLC now owns 46,808 shares of the transportation company’s stock valued at $1,938,000 after acquiring an additional 2,127 shares during the period. Bank of Montreal Can boosted its stake in China Southern Airlines by 20.7% in the fourth quarter. Bank of Montreal Can now owns 23,341 shares of the transportation company’s stock valued at $1,209,000 after acquiring an additional 3,996 shares during the period. Profund Advisors LLC acquired a new position in China Southern Airlines in the second quarter valued at approximately $215,000. Finally, Northern Trust Corp boosted its stake in China Southern Airlines by 25.1% in the second quarter. Northern Trust Corp now owns 27,141 shares of the transportation company’s stock valued at $1,125,000 after acquiring an additional 5,442 shares during the period. Institutional investors own 0.48% of the company’s stock.
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China Southern Airlines Company Limited is principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other extended transportation services. The Company operates through two business segments, including Airline Transportation segment and Other segment.
