StockNews.com Downgrades Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) to Hold

StockNews.com lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) from a buy rating to a hold rating in a research note released on Wednesday morning.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Down 0.4 %

ASR opened at $269.01 on Wednesday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $165.00 and a 52 week high of $357.90. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $292.25 and a 200-day simple moving average of $309.43. The firm has a market cap of $8.07 billion, a P/E ratio of 12.72, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.04 earnings per share for the current year.

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the fourth quarter. Hsbc Holdings PLC now owns 92,230 shares of the transportation company’s stock valued at $27,134,000 after acquiring an additional 49,668 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,453 shares of the transportation company’s stock valued at $19,300,000 after purchasing an additional 746 shares during the period. 1832 Asset Management L.P. purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 2nd quarter worth approximately $14,927,000. BNP Paribas Financial Markets increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 22.5% during the first quarter. BNP Paribas Financial Markets now owns 46,061 shares of the transportation company’s stock worth $14,679,000 after buying an additional 8,462 shares during the period. Finally, Alberta Investment Management Corp lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 83.5% in the fourth quarter. Alberta Investment Management Corp now owns 37,894 shares of the transportation company’s stock valued at $11,151,000 after buying an additional 17,244 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

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

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.