Principal Financial Group Inc. Sells 2,485 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Principal Financial Group Inc. reduced its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,293 shares of the transportation company’s stock after selling 2,485 shares during the quarter. Principal Financial Group Inc.’s holdings in Grupo Aeroportuario del Sureste were worth $7,208,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Grupo Aeroportuario del Sureste by 85.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 91 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste during the 3rd quarter worth about $223,000. Fisher Funds Management LTD boosted its holdings in shares of Grupo Aeroportuario del Sureste by 13.3% during the 3rd quarter. Fisher Funds Management LTD now owns 40,654 shares of the transportation company’s stock worth $13,145,000 after buying an additional 4,786 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in Grupo Aeroportuario del Sureste by 8.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,355 shares of the transportation company’s stock valued at $1,085,000 after buying an additional 259 shares during the last quarter. Finally, Ethic Inc. grew its stake in Grupo Aeroportuario del Sureste by 22.7% in the 3rd quarter. Ethic Inc. now owns 1,573 shares of the transportation company’s stock valued at $509,000 after buying an additional 291 shares during the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE ASR opened at $372.58 on Friday. The business has a fifty day moving average price of $333.92 and a two-hundred day moving average price of $322.25. The stock has a market capitalization of $11.18 billion, a PE ratio of 19.76 and a beta of 0.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.69 and a quick ratio of 2.69. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $249.21 and a fifty-two week high of $379.07.

Wall Street Analyst Weigh In

ASR has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. 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 research note on Monday, November 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report 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. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste 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.