ABS Direct Equity Fund LLC Sells 5,880 Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

ABS Direct Equity Fund LLC trimmed its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) by 47.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,600 shares of the transportation company's stock after selling 5,880 shares during the period. Grupo Aeroportuario del Sureste, S. A. B. de C. V. makes up approximately 2.4% of ABS Direct Equity Fund LLC's holdings, making the stock its 16th largest holding. ABS Direct Equity Fund LLC's holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $1,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASR. Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 346 shares of the transportation company's stock valued at $91,000 after acquiring an additional 101 shares during the period. Ativo Capital Management LLC bought a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter valued at about $1,317,000. Fisher Funds Management LTD bought a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at approximately $13,464,000. Bank of New York Mellon Corp grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 28,305 shares of the transportation company's stock valued at $7,292,000 after purchasing an additional 186 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at approximately $4,646,000. 10.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank lowered Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, May 19th.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Down 1.7%

ASR stock opened at $313.14 on Friday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 1-year low of $248.88 and a 1-year high of $360.00. The firm has a market cap of $9.39 billion, a P/E ratio of 11.80, a P/E/G ratio of 7.16 and a beta of 0.76. The business's 50 day moving average is $315.28 and its 200-day moving average is $286.23. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $5.74 EPS for the quarter, missing the consensus estimate of $5.77 by ($0.03). The business had revenue of $430.05 million during the quarter, compared to analyst estimates of $462.98 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. Equities analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were issued a $24.585 dividend. This is an increase from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60. This represents a dividend yield of 8.6%. The ex-dividend date of this dividend was Wednesday, May 28th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s payout ratio is presently 87.16%.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. 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.

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