Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 52-Week Low – Here’s What Happened

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $226.19 and last traded at $226.7370, with a volume of 17388 shares traded. The stock had previously closed at $230.67.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ASR shares. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, September 7th. Finally, Weiss Ratings cut 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 investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $324.50.

Grupo Aeroportuario del Sureste Price Performance

The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.59 and a beta of 0.52. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $255.73 and its 200-day simple moving average is $288.76.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASR. BayBridge Capital Group LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the 2nd quarter valued at approximately $315,000. Empowered Funds LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the first quarter worth $7,687,000. Bank of America Corp DE grew its stake in shares of Grupo Aeroportuario del Sureste by 112.1% during the first quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock worth $2,025,000 after buying an additional 3,184 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the first quarter worth $220,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Grupo Aeroportuario del Sureste by 111.2% in the 1st quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock valued at $2,161,000 after acquiring an additional 3,384 shares during the last quarter. 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 under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.