China Southern Airlines Co Ltd (ZNH) Stake Lessened by Bank of Montreal Can

Bank of Montreal Can lessened its stake in China Southern Airlines Co Ltd (NYSE:ZNH) by 44.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,161 shares of the transportation company’s stock after selling 9,003 shares during the quarter. Bank of Montreal Can’s holdings in China Southern Airlines were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its position in China Southern Airlines by 160.5% in the 2nd quarter. Bank of America Corp DE now owns 3,830 shares of the transportation company’s stock worth $151,000 after buying an additional 2,360 shares during the last quarter. Eagle Asset Management Inc. raised its position in China Southern Airlines by 70.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 6,494 shares of the transportation company’s stock worth $256,000 after buying an additional 2,685 shares during the last quarter. Northern Trust Corp raised its position in China Southern Airlines by 10.7% in the 2nd quarter. Northern Trust Corp now owns 33,743 shares of the transportation company’s stock worth $1,334,000 after buying an additional 3,265 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in China Southern Airlines by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 596,700 shares of the transportation company’s stock worth $23,588,000 after buying an additional 20,100 shares during the last quarter. 0.58% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on ZNH shares. Jefferies Financial Group raised China Southern Airlines from an “underperform” rating to a “buy” rating in a research report on Wednesday, September 19th. Bank of America raised China Southern Airlines from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 12th. They noted that the move was a valuation call. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. Zacks Investment Research raised China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. raised China Southern Airlines from an “underweight” rating to a “neutral” rating in a research report on Thursday, August 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $55.00.

Shares of NYSE:ZNH opened at $33.83 on Monday. China Southern Airlines Co Ltd has a fifty-two week low of $25.45 and a fifty-two week high of $70.52. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 8.79 and a beta of 1.51.

China Southern Airlines (NYSE:ZNH) last released its quarterly earnings results on Wednesday, August 29th. The transportation company reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $5.24 billion during the quarter. Sell-side analysts forecast that China Southern Airlines Co Ltd will post 0.94 earnings per share for the current year.

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About China Southern Airlines

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

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

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