Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Short Interest Down 8.7% in July

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 127,900 shares, a decline of 8.7% from the July 15th total of 140,100 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 38,600 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Price Performance

NYSE ASR traded up $2.05 during trading hours on Monday, reaching $284.51. 46,462 shares of the stock traded hands, compared to its average volume of 43,543. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.97 and a quick ratio of 3.97. The stock has a 50 day simple moving average of $299.35 and a two-hundred day simple moving average of $311.80. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 1 year low of $165.00 and a 1 year high of $357.90. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $9.60 EPS for the quarter, beating analysts’ consensus estimates of $5.64 by $3.96. The business had revenue of $357.51 million for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 49.57% and a return on equity of 25.99%. On average, analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.04 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Cuts Dividend

The business also recently declared an annual dividend, which was paid on Monday, July 8th. Investors of record on Tuesday, June 25th were given a dividend of $5.597 per share. The ex-dividend date was Tuesday, June 25th. This represents a yield of 3.3%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is 50.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 227.8% during the 4th quarter. CWM LLC now owns 118 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the fourth quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 119 shares in the last quarter. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 64.7% in the second quarter. Blue Trust Inc. now owns 313 shares of the transportation company’s stock worth $100,000 after acquiring an additional 123 shares during the period. Signaturefd LLC boosted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 53.5% in the fourth quarter. Signaturefd LLC now owns 413 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 144 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the fourth quarter valued at $214,000. Institutional investors own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.