Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Stake Trimmed by 1832 Asset Management L.P.

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

Several other large investors also recently bought and sold shares of ASR. US Bancorp DE lifted its stake in Grupo Aeroportuario del Sureste by 4.4% during the first quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after purchasing an additional 31 shares during the last quarter. Blue Trust Inc. increased its position in Grupo Aeroportuario del Sureste by 7.8% in the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock worth $143,000 after buying an additional 38 shares during the period. Signaturefd LLC increased its position in Grupo Aeroportuario del Sureste by 16.8% in the first quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock worth $120,000 after buying an additional 63 shares during the period. Geode Capital Management LLC increased its position in Grupo Aeroportuario del Sureste by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 1,119 shares of the transportation company's stock worth $288,000 after buying an additional 65 shares during the period. Finally, Cynosure Group LLC increased its position in Grupo Aeroportuario del Sureste by 5.3% in the first quarter. Cynosure Group LLC now owns 1,283 shares of the transportation company's stock worth $351,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Price Performance

Grupo Aeroportuario del Sureste stock traded up $0.43 during midday trading on Friday, hitting $327.09. The company's stock had a trading volume of 26,721 shares, compared to its average volume of 69,060. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. The stock's 50-day moving average price is $313.38 and its 200-day moving average price is $303.23. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12 month low of $248.88 and a 12 month high of $360.00. The company has a market capitalization of $9.81 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 8.42 and a beta of 0.79.

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

Analyst Ratings Changes

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

Grupo Aeroportuario del Sureste Company Profile

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.