China Southern Airlines Company Limited (NYSE:ZNH – Get Rating) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 9,700 shares, a decrease of 35.3% from the October 31st total of 15,000 shares. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of China Southern Airlines

Several large investors have recently made changes to their positions in ZNH. Quadrant Capital Group LLC boosted its position in shares of China Southern Airlines by 164.8% during the 1st quarter. Quadrant Capital Group LLC now owns 4,481 shares of the transportation company’s stock worth $130,000 after acquiring an additional 2,789 shares in the last quarter. Capricorn Fund Managers Ltd acquired a new stake in shares of China Southern Airlines during the 1st quarter worth approximately $212,000. Aaron Wealth Advisors LLC bought a new position in China Southern Airlines in the 1st quarter valued at approximately $228,000. Bank of Montreal Can lifted its stake in China Southern Airlines by 7.6% in the 1st quarter. Bank of Montreal Can now owns 33,601 shares of the transportation company’s stock valued at $1,000,000 after purchasing an additional 2,379 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in China Southern Airlines by 55.0% in the 1st quarter. BlackRock Inc. now owns 166,503 shares of the transportation company’s stock valued at $4,830,000 after purchasing an additional 59,104 shares during the last quarter. Institutional investors and hedge funds own 0.25% of the company’s stock.

China Southern Airlines Stock Performance

Shares of NYSE:ZNH traded up $1.30 on Wednesday, reaching $29.15. 17,176 shares of the company’s stock were exchanged, compared to its average volume of 13,428. The company has a fifty day moving average of $27.67 and a 200-day moving average of $27.25. China Southern Airlines has a twelve month low of $23.50 and a twelve month high of $35.15. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of -2.72 and a beta of 0.98. The company has a current ratio of 0.25, a quick ratio of 0.23 and a debt-to-equity ratio of 0.64.

China Southern Airlines (NYSE:ZNH – Get Rating) last announced its earnings results on Wednesday, August 31st. The transportation company reported ($3.10) earnings per share (EPS) for the quarter. China Southern Airlines had a negative return on equity of 32.43% and a negative net margin of 25.74%. The business had revenue of $2.93 billion for the quarter. On average, research analysts predict that China Southern Airlines will post -9.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZNH shares. StockNews.com began coverage on shares of China Southern Airlines in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. HSBC lowered shares of China Southern Airlines from a “hold” rating to a “reduce” rating in a research note on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

China Southern Airlines Company Profile

China Southern Airlines Company Limited offers airline transportation services in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments, Airline Transportation Operations and Other Segments. It offers passenger, cargo, mail delivery, and other extended transportation services.

By: NickPosted on Categories: MONEY