William Blair Investment Management LLC Cuts Stock Position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

William Blair Investment Management LLC cut its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,333 shares of the transportation company’s stock after selling 1,576 shares during the quarter. William Blair Investment Management LLC owned 0.16% of Grupo Aeroportuario del Sureste, S. A. B. de C. V. worth $12,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 8.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,428 shares of the transportation company’s stock worth $626,000 after acquiring an additional 194 shares in the last quarter. AGF Management Ltd. purchased a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $827,000. Proficio Capital Partners LLC purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter worth $4,646,000. Metis Global Partners LLC boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 9.3% during the fourth quarter. Metis Global Partners LLC now owns 9,622 shares of the transportation company’s stock worth $2,479,000 after buying an additional 818 shares during the period. Finally, US Bancorp DE boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 7.2% during the fourth quarter. US Bancorp DE now owns 699 shares of the transportation company’s stock worth $180,000 after buying an additional 47 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

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

ASR opened at $287.75 on Thursday. The business has a fifty day moving average of $273.24 and a 200 day moving average of $271.09. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52-week low of $248.88 and a 52-week high of $357.90. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.20. The stock has a market cap of $8.63 billion, a P/E ratio of 10.85, a PEG ratio of 7.16 and a beta of 1.07.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued its earnings results on Monday, February 24th. The transportation company reported $5.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.54 by ($0.06). The company had revenue of $449.41 million for the quarter, compared to analysts’ expectations of $408.15 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 50.08% and a return on equity of 26.25%. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 EPS for the current year.

Wall Street Analysts Forecast Growth

ASR has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. StockNews.com lowered Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st.

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.