China Southern Airlines Co Ltd (ZNH) Stake Decreased by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its holdings in China Southern Airlines Co Ltd (NYSE:ZNH) by 14.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,600 shares of the transportation company’s stock after selling 1,500 shares during the quarter. Two Sigma Advisers LP’s holdings in China Southern Airlines were worth $446,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ZNH. Bank of Montreal Can grew its position in shares of China Southern Airlines by 20.7% in the 4th quarter. Bank of Montreal Can now owns 23,341 shares of the transportation company’s stock worth $1,209,000 after buying an additional 3,996 shares during the last quarter. Profund Advisors LLC grew its position in shares of China Southern Airlines by 45.0% in the 4th quarter. Profund Advisors LLC now owns 11,385 shares of the transportation company’s stock worth $590,000 after buying an additional 3,531 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of China Southern Airlines by 10.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,685 shares of the transportation company’s stock worth $539,000 after buying an additional 1,529 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of China Southern Airlines by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 17,638 shares of the transportation company’s stock worth $914,000 after buying an additional 1,523 shares during the last quarter. Hedge funds and other institutional investors own 0.52% of the company’s stock.

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Shares of ZNH stock opened at $46.50 on Friday. The company has a market capitalization of $9,660.47, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.83 and a beta of 1.39. China Southern Airlines Co Ltd has a fifty-two week low of $32.50 and a fifty-two week high of $70.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.23 and a current ratio of 0.26.

A number of brokerages have recently weighed in on ZNH. ValuEngine upgraded China Southern Airlines from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Macquarie upgraded China Southern Airlines from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase reiterated a “neutral” rating on shares of China Southern Airlines in a research report on Wednesday, March 14th.

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China Southern Airlines Company Profile

China Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. The company operates through Airline Transportation Operations and Other segments. It offers passenger, cargo, mail delivery, and other transportation services.

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Institutional Ownership by Quarter for China Southern Airlines (NYSE:ZNH)

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