102,005 Shares in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Acquired by Schroder Investment Management Group

Key Points

• Schroder Investment Management Group acquired 102,005 shares of Grupo Aeroportuario del Sureste (NYSE: ASR) in Q3 — about $33.17 million worth and roughly a 0.34% stake.
• ASR reported Q results with EPS of $5.03 (missed by $0.01) but a revenue beat of $636.4 million; the company shows strong profitability (net margin 27.93%, ROE 21.10%) and a market cap of about $10.05 billion.
• Analysts have an average rating of Hold with a consensus target of $300, though recent notes include Scotiabank's upgrade to "sector outperform" amid mixed buy/hold/sell coverage.

Schroder Investment Management Group acquired a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 102,005 shares of the transportation company's stock, valued at approximately $33,173,000. Schroder Investment Management Group owned about 0.34% of Grupo Aeroportuario del Sureste as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ASR. AGF Management Ltd. bought a new position in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth $1,288,000. Fisher Funds Management LTD increased its holdings in Grupo Aeroportuario del Sureste by 13.3% in the third quarter. Fisher Funds Management LTD now owns 40,654 shares of the transportation company's stock valued at $13,145,000 after purchasing an additional 4,786 shares during the last quarter. ABS Direct Equity Fund LLC bought a new stake in Grupo Aeroportuario del Sureste in the third quarter valued at about $3,602,000. Itau Unibanco Holding S.A. lifted its stake in Grupo Aeroportuario del Sureste by 2,425.8% in the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company's stock valued at $35,148,000 after buying an additional 105,863 shares during the period. Finally, Savant Capital LLC acquired a new position in Grupo Aeroportuario del Sureste in the second quarter valued at about $290,000. Institutional investors and hedge funds own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Down 0.1%

Shares of ASR stock opened at $334.95 on Thursday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12-month low of $249.21 and a 12-month high of $381.52. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $347.00 and a 200-day moving average of $327.35. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 18.19 and a beta of 0.53.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.01). The company had revenue of $636.39 million during the quarter, compared to the consensus estimate of $500.58 million. Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%. As a group, equities research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ASR shares. Scotiabank upgraded Grupo Aeroportuario del Sureste from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $300.00.

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.

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