Northern Trust Corp increased its holdings in China Southern Airlines Company Limited (NYSE:ZNH) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,141 shares of the transportation company’s stock after buying an additional 5,442 shares during the period. Northern Trust Corp’s holdings in China Southern Airlines were worth $1,125,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ZNH. UBS Group AG raised its stake in China Southern Airlines by 37,787.5% in the 1st quarter. UBS Group AG now owns 3,031 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 3,023 shares during the last quarter. Profund Advisors LLC acquired a new position in China Southern Airlines in the 2nd quarter valued at about $215,000. Credit Suisse AG acquired a new position in China Southern Airlines in the 1st quarter valued at about $292,000. Finally, Bank of Montreal Can raised its stake in China Southern Airlines by 253.7% in the 2nd quarter. Bank of Montreal Can now owns 17,225 shares of the transportation company’s stock valued at $713,000 after purchasing an additional 12,355 shares during the last quarter. Institutional investors and hedge funds own 0.47% of the company’s stock.
Shares of China Southern Airlines Company Limited (NYSE:ZNH) traded down $0.62 during mid-day trading on Wednesday, reaching $45.09. 6,100 shares of the company traded hands, compared to its average volume of 16,380. China Southern Airlines Company Limited has a 12-month low of $25.60 and a 12-month high of $50.63. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.30 and a quick ratio of 0.27.
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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.
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