Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Shares Sold by Empirical Finance LLC

Empirical Finance LLC lessened its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 15.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,448 shares of the transportation company’s stock after selling 3,420 shares during the quarter. Empirical Finance LLC’s holdings in Grupo Aeroportuario del Sureste were worth $5,965,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of Grupo Aeroportuario del Sureste by 18.3% during the first quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock worth $10,292,000 after purchasing an additional 4,743 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Grupo Aeroportuario del Sureste by 151.5% in the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after buying an additional 38,255 shares during the last quarter. Empowered Funds LLC purchased a new stake in Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $7,687,000. Y Intercept Hong Kong Ltd lifted its position in shares of Grupo Aeroportuario del Sureste by 757.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 10,986 shares of the transportation company’s stock valued at $3,693,000 after acquiring an additional 9,705 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter worth approximately $1,636,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Trading Down 0.6%

Shares of ASR stock traded down $1.56 during trading on Tuesday, hitting $255.77. 71,368 shares of the stock traded hands, compared to its average volume of 66,505. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $249.58 and a 52-week high of $381.52. The firm’s fifty day moving average price is $273.78 and its 200-day moving average price is $304.51. The firm has a market capitalization of $7.67 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.70 and a beta of 0.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). The business had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%. As a group, research analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a research note on Thursday, July 30th. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste has an average rating of “Hold” and an average price target of $324.50.

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.