Grupo Aeroportuario del Sureste (NYSE:ASR) Sees Large Volume Increase – Here’s What Happened

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) saw strong trading volume on Monday . 158,891 shares changed hands during trading, an increase of 157% from the previous session’s volume of 61,848 shares.The stock last traded at $327.6150 and had previously closed at $317.27.

Analyst Upgrades and Downgrades

ASR has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Wall Street Zen upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Stock Up 3.0%

The stock’s fifty day moving average price is $346.83 and its 200 day moving average price is $327.27. The stock has a market cap of $9.80 billion, a P/E ratio of 17.71 and a beta of 0.53. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.01). The company had revenue of $636.39 million for the quarter, compared to the consensus estimate of $500.58 million. Grupo Aeroportuario del Sureste had a return on equity of 21.10% and a net margin of 27.93%. As a group, research analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently modified their holdings of ASR. Corient Private Wealth LLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 13.8% during the 4th quarter. Corient Private Wealth LLC now owns 1,472 shares of the transportation company’s stock valued at $476,000 after buying an additional 179 shares in the last quarter. Compound Planning Inc. boosted its stake in Grupo Aeroportuario del Sureste by 4.3% in the fourth quarter. Compound Planning Inc. now owns 704 shares of the transportation company’s stock worth $228,000 after buying an additional 29 shares in the last quarter. Invesco Ltd. grew its position in Grupo Aeroportuario del Sureste by 30.6% during the fourth quarter. Invesco Ltd. now owns 4,054 shares of the transportation company’s stock valued at $1,311,000 after acquiring an additional 951 shares during the last quarter. Mackenzie Financial Corp grew its position in Grupo Aeroportuario del Sureste by 29.5% during the fourth quarter. Mackenzie Financial Corp now owns 16,429 shares of the transportation company’s stock valued at $5,313,000 after acquiring an additional 3,742 shares during the last quarter. Finally, Pillsbury Lake Capital LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter worth approximately $6,483,000. 10.57% of the stock is currently owned by hedge funds and other 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.