ABS Direct Equity Fund LLC Reduces Stock Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• ABS Direct Equity Fund LLC cut its stake in Grupo Aeroportuario del Sureste by 39.2% in Q4, selling 4,370 shares and leaving it with 6,770 shares worth $2.189 million, about 2.6% of the fund and its 16th largest holding.
• Grupo Aeroportuario del Sureste declared a special dividend of $5.7572 per share with record/ex-dividend date on May 27 and payment on June 8, and currently shows a very high dividend payout ratio of 209.99%.
• Shares opened at $298.99 (down ~2%), the company has a market cap of about $8.97 billion, and analysts have an average rating of "Hold" with a consensus target price of $300.00.

ABS Direct Equity Fund LLC lowered its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 39.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,770 shares of the transportation company's stock after selling 4,370 shares during the period. Grupo Aeroportuario del Sureste comprises about 2.6% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 16th biggest holding. ABS Direct Equity Fund LLC's holdings in Grupo Aeroportuario del Sureste were worth $2,189,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ASR. State of Wyoming purchased a new stake in Grupo Aeroportuario del Sureste during the 3rd quarter valued at $46,000. EverSource Wealth Advisors LLC boosted its position in Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock valued at $50,000 after buying an additional 138 shares during the period. Osaic Holdings Inc. boosted its position in Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after buying an additional 50 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Grupo Aeroportuario del Sureste by 85.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company's stock valued at $64,000 after buying an additional 91 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in Grupo Aeroportuario del Sureste by 249.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company's stock valued at $157,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Down 2.0%

Shares of Grupo Aeroportuario del Sureste stock opened at $298.99 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.03 and a quick ratio of 3.01. The company has a 50-day moving average of $336.94 and a 200 day moving average of $327.36. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 3.61 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1 year low of $292.35 and a 1 year high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. The company had revenue of $495.15 million during the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 22.93%. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.51 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 27th will be paid a $5.7572 dividend. The ex-dividend date is Wednesday, May 27th. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is presently 209.99%.

Analysts Set New Price Targets

ASR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a research report on Monday, April 20th. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 13th. Wall Street Zen cut shares of Grupo Aeroportuario del Sureste from a "buy" rating to a "hold" rating in a research report on Sunday, March 22nd. Finally, Barclays raised shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Sureste currently 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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