Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 1-Year High – Still a Buy?

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) hit a new 52-week high on Monday . The stock traded as high as $374.43 and last traded at $370.5650, with a volume of 8365 shares. The stock had previously closed at $367.92.

Analyst Ratings Changes

ASR has been the topic of several research analyst reports. Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. Finally, Morgan Stanley downgraded Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target for the company. in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Sureste presently has an average rating of “Hold” and a consensus price target of $305.00.

Grupo Aeroportuario del Sureste Stock Down 0.2%

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.69 and a quick ratio of 2.69. The stock’s fifty day simple moving average is $326.85 and its 200-day simple moving average is $320.09. The stock has a market cap of $11.01 billion, a P/E ratio of 19.52 and a beta of 0.56.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its holdings in shares of Grupo Aeroportuario del Sureste by 494.7% during the second quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 94 shares during the period. Hantz Financial Services Inc. lifted its position in Grupo Aeroportuario del Sureste by 13,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 138 shares during the last quarter. State of Wyoming acquired a new position in Grupo Aeroportuario del Sureste during the 3rd quarter valued at about $46,000. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Grupo Aeroportuario del Sureste in the 2nd quarter worth about $58,000. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.