Capital Innovations LLC Makes New $3.14 Million Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Capital Innovations LLC purchased a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,701 shares of the transportation company’s stock, valued at approximately $3,137,000.

Other hedge funds have also made changes to their positions in the company. State of Wyoming acquired a new position in shares of Grupo Aeroportuario del Sureste during the third quarter valued at approximately $46,000. EverSource Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 138 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 50 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Grupo Aeroportuario del Sureste by 85.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 91 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Grupo Aeroportuario del Sureste by 249.6% during the third quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company’s stock valued at $157,000 after acquiring an additional 347 shares during the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Price Performance

NYSE:ASR opened at $303.86 on Wednesday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $291.73 and a one year high of $381.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39. The stock has a market cap of $9.12 billion, a PE ratio of 16.87, a P/E/G ratio of 2.43 and a beta of 0.47. The stock has a 50 day moving average price of $320.57 and a 200 day moving average price of $327.32.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 EPS for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%.The firm had revenue of $495.15 million during the quarter. Equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently declared a special dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 27th will be issued a $5.7572 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is currently 110.33%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Sureste currently has a consensus rating of “Hold” and a consensus price target of $300.00.

About Grupo Aeroportuario del Sureste

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.