U S Global Investors Inc. raised its position in shares of China Eastern Airlines Corporation Ltd. (NYSE:CEA) by 78.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,353 shares of the transportation company’s stock after buying an additional 17,736 shares during the quarter. U S Global Investors Inc.’s holdings in China Eastern Airlines Corporation were worth $1,116,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CEA. Renaissance Group LLC lifted its position in China Eastern Airlines Corporation by 3.4% during the second quarter. Renaissance Group LLC now owns 520,731 shares of the transportation company’s stock valued at $15,934,000 after buying an additional 17,088 shares during the period. Wells Fargo & Company MN lifted its position in China Eastern Airlines Corporation by 0.9% during the second quarter. Wells Fargo & Company MN now owns 338,176 shares of the transportation company’s stock valued at $10,349,000 after buying an additional 3,010 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in China Eastern Airlines Corporation by 2.1% during the second quarter. Ameriprise Financial Inc. now owns 7,688 shares of the transportation company’s stock valued at $235,000 after buying an additional 155 shares during the period. 0.43% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub lowered China Eastern Airlines Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.

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Shares of China Eastern Airlines Corporation Ltd. (NYSE:CEA) traded up 1.76% during trading on Friday, reaching $25.40. The company’s stock had a trading volume of 15,775 shares. China Eastern Airlines Corporation Ltd. has a one year low of $21.38 and a one year high of $30.90. The company has a 50-day moving average price of $26.15 and a 200-day moving average price of $27.86. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 8.61 and a beta of 1.23.

China Eastern Airlines Corporation Profile

China Eastern Airlines Corporation Limited is a China-based company principally engaged in the provision of airline transportation and extended services. The Company is primarily engaged in the operation of airline passenger, cargo, mail delivery, tour operations and other extended transportation services.

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