1832 Asset Management L.P. Has $10.80 Million Stock Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• 1832 Asset Management L.P. has reduced its stake in Grupo Aeroportuario del Sureste by 4.7%, now holding approximately 0.13% of the company, worth $10.80 million after selling 1,966 shares in the first quarter.
• Several institutional investors increased their positions in Grupo Aeroportuario del Sureste, with Hsbc Holdings PLC growing its stake by 8.2%, resulting in a holdings value of $31.5 million.
• Analysts from Scotiabank have downgraded the company's rating from "sector outperform" to "sector perform", with a consensus price target set at $310.00.

1832 Asset Management L.P. decreased its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,437 shares of the transportation company's stock after selling 1,966 shares during the quarter. 1832 Asset Management L.P. owned about 0.13% of Grupo Aeroportuario del Sureste worth $10,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASR. Hsbc Holdings PLC grew its stake in shares of Grupo Aeroportuario del Sureste by 8.2% in the first quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company's stock valued at $31,498,000 after buying an additional 8,717 shares in the last quarter. American Century Companies Inc. lifted its stake in Grupo Aeroportuario del Sureste by 5.7% in the first quarter. American Century Companies Inc. now owns 24,064 shares of the transportation company's stock valued at $6,589,000 after acquiring an additional 1,307 shares during the last quarter. Nuveen LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at about $44,197,000. Cynosure Group LLC increased its stake in shares of Grupo Aeroportuario del Sureste by 5.3% during the 1st quarter. Cynosure Group LLC now owns 1,283 shares of the transportation company's stock worth $351,000 after purchasing an additional 65 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Grupo Aeroportuario del Sureste by 15.5% in the 1st quarter. National Bank of Canada FI now owns 75,043 shares of the transportation company's stock valued at $20,546,000 after purchasing an additional 10,072 shares during the period. Institutional investors own 10.57% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $310.00.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR opened at $329.0830 on Friday. The company's 50-day moving average is $312.01 and its 200-day moving average is $302.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. The firm has a market capitalization of $9.87 billion, a PE ratio of 15.86, a PEG ratio of 8.44 and a beta of 0.79. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $248.88 and a fifty-two week high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $3.80 EPS for the quarter, missing analysts' consensus estimates of $6.01 by ($2.21). The company had revenue of $464.62 million during the quarter, compared to analyst estimates of $8.98 billion. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. Equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

About Grupo Aeroportuario del Sureste

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.

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