Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 1-Year Low – Here’s What Happened

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $241.27 and last traded at $240.2270, with a volume of 6432 shares changing hands. The stock had previously closed at $243.32.

Wall Street Analysts Forecast Growth

ASR has been the topic of a number of recent analyst reports. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. cut 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 objective for the company in a report on Thursday, July 30th. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, September 7th. Finally, Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has a consensus rating of “Hold” and a consensus target price of $324.50.

Grupo Aeroportuario del Sureste Stock Down 1.5%

The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The stock has a 50-day moving average of $264.98 and a 200-day moving average of $297.10. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share for the quarter, missing the consensus estimate of $4.92 by ($0.54). The company had revenue of $547.46 million during 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, sell-side analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Sureste

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in shares of Grupo Aeroportuario del Sureste by 151.5% in the first quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after purchasing an additional 38,255 shares in the last quarter. Empowered Funds LLC acquired a new stake in Grupo Aeroportuario del Sureste in the first quarter worth about $7,687,000. Empirical Finance LLC bought a new position in Grupo Aeroportuario del Sureste in the 1st quarter valued at about $7,687,000. Y Intercept Hong Kong Ltd grew its position in Grupo Aeroportuario del Sureste by 757.6% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 10,986 shares of the transportation company’s stock valued at $3,693,000 after buying an additional 9,705 shares in the last quarter. Finally, Capital Innovations LLC bought a new position in Grupo Aeroportuario del Sureste in the 4th quarter valued at about $3,137,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports, primarily in Mexico. The company was established in 1998 as part of Mexico’s airport privatization program.

ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Minatitlán and Tapachula. Its airport activities include passenger and aircraft handling, terminal operations, runway and airfield management, security coordination and other services supporting commercial aviation.

Through its international operations and partnerships, ASUR also has interests in airports outside Mexico.