Dimensional Fund Advisors LP lessened its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,839 shares of the transportation company's stock after selling 7,796 shares during the period. Dimensional Fund Advisors LP owned approximately 0.20% of Grupo Aeroportuario del Sureste, S. A. B. de C. V. worth $15,423,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ASR. Fisher Funds Management LTD purchased a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $13,464,000. Proficio Capital Partners LLC purchased a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $4,646,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $4,187,000. Canada Pension Plan Investment Board lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 27.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 30,700 shares of the transportation company's stock valued at $7,909,000 after purchasing an additional 6,700 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 249,572 shares of the transportation company's stock valued at $64,297,000 after purchasing an additional 6,552 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.
Analysts Set New Price Targets
Separately, Jefferies Financial Group dropped their price objective on Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th.
View Our Latest Research Report on Grupo Aeroportuario del Sureste, S. A. B. de C. V.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Performance
ASR stock traded up $2.86 during midday trading on Monday, reaching $326.86. 66,313 shares of the company's stock traded hands, compared to its average volume of 47,009. The company has a 50-day moving average price of $287.00 and a two-hundred day moving average price of $274.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.65 and a current ratio of 4.65. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $248.88 and a 52 week high of $356.90. The firm has a market capitalization of $9.81 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 7.16 and a beta of 0.75.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 50.08% and a return on equity of 26.25%. The business had revenue of $430.05 million for the quarter, compared to the consensus estimate of $462.98 million. As a group, equities analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 EPS for the current year.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend
The company also recently declared an annual dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th will be issued a $24.585 dividend. The ex-dividend date is Wednesday, May 28th. This represents a dividend yield of 8.6%. This is a boost from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s dividend payout ratio is presently 83.31%.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. Company Profile
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Free Report)
Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.
Further Reading
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