Aberdeen Group plc Invests $2.94 Million in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Aberdeen Group plc established a new position in Grupo Aeroportuario del Sureste (NYSE:ASR), buying 9,084 shares in the fourth quarter valued at approximately $2.94 million.
• ASR reported quarterly EPS of $5.03 (missing consensus by $0.01) while revenue beat at $608.6M, and shares were trading around $355.91 (up 6.4%).
• Analyst sentiment is mixed with a MarketBeat consensus of "Hold" and an average target of $300, although firms including Barclays recently upgraded the stock to a "strong-buy".

Aberdeen Group plc acquired a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,084 shares of the transportation company's stock, valued at approximately $2,938,000.

A number of other institutional investors have also recently added to or reduced their stakes in ASR. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Grupo Aeroportuario del Sureste by 3.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company's stock valued at $429,000 after buying an additional 39 shares during the period. Osaic Holdings Inc. increased its position in shares of Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock worth $58,000 after acquiring an additional 50 shares in the last quarter. Fortune Financial Advisors LLC increased its position in shares of Grupo Aeroportuario del Sureste by 1.0% in the third quarter. Fortune Financial Advisors LLC now owns 5,013 shares of the transportation company's stock worth $1,621,000 after acquiring an additional 52 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grupo Aeroportuario del Sureste by 85.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company's stock worth $64,000 after acquiring an additional 91 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock worth $50,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 13th. Wall Street Zen downgraded shares of Grupo Aeroportuario del Sureste from a "buy" rating to a "hold" rating in a research note on Sunday, March 22nd. Finally, Barclays upgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $300.00.

Grupo Aeroportuario del Sureste Trading Up 6.4%

Shares of NYSE:ASR opened at $355.91 on Thursday. The company has a market cap of $10.68 billion, a PE ratio of 19.33 and a beta of 0.58. The company's 50-day moving average price is $348.01 and its 200 day moving average price is $326.92. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $249.21 and a fifty-two week high of $381.52. The company has a quick ratio of 2.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.58.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 earnings per share for the quarter, missing the consensus estimate of $5.04 by ($0.01). The firm had revenue of $608.62 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 21.42%. Sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Company 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.

Want to see what other hedge funds are holding ASR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.