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

ABS Direct Equity Fund LLC reduced its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 47.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,600 shares of the transportation company's stock after selling 5,880 shares during the quarter. Grupo Aeroportuario del Sureste comprises about 2.4% of ABS Direct Equity Fund LLC's portfolio, making the stock its 16th biggest position. ABS Direct Equity Fund LLC's holdings in Grupo Aeroportuario del Sureste were worth $1,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASR. Headlands Technologies LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $61,000. Wells Fargo & Company MN grew its position in Grupo Aeroportuario del Sureste by 67.5% in the 4th quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock valued at $89,000 after purchasing an additional 139 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Aeroportuario del Sureste by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 346 shares of the transportation company's stock valued at $91,000 after purchasing an additional 101 shares in the last quarter. US Bancorp DE raised its holdings in Grupo Aeroportuario del Sureste by 7.2% during the fourth quarter. US Bancorp DE now owns 699 shares of the transportation company's stock worth $180,000 after buying an additional 47 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the fourth quarter valued at $208,000. Institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Down 1.3%

Shares of Grupo Aeroportuario del Sureste stock traded down $3.95 on Wednesday, hitting $306.10. The company had a trading volume of 155,379 shares, compared to its average volume of 51,156. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 7.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1 year low of $248.88 and a 1 year high of $360.00. The stock has a 50 day moving average of $317.29 and a 200-day moving average of $286.93.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). Grupo Aeroportuario del Sureste had a net margin of 50.07% and a return on equity of 25.70%. The company had revenue of $430.05 million for the quarter, compared to the consensus estimate of $462.98 million. As a group, sell-side analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were issued a dividend of $24.585 per share. The ex-dividend date was Wednesday, May 28th. This is a boost from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. This represents a yield of 8.6%. Grupo Aeroportuario del Sureste's payout ratio is 87.16%.

Analysts Set New Price Targets

Separately, Scotiabank downgraded shares of Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, May 19th.

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.