American Century Companies Inc. Boosts Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• American Century Companies Inc. increased its holdings in Grupo Aeroportuario del Sureste by 5.7% during the first quarter, owning about 0.08% of the company valued at $6.59 million.
• Scotiabank downgraded the company's rating from "sector outperform" to "sector perform", while the stock currently has an average target price of $310.00.
• Grupo Aeroportuario del Sureste reported an earnings per share of $3.80 for the last quarter, significantly missing the consensus estimate of $6.01.

American Century Companies Inc. raised its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,064 shares of the transportation company's stock after buying an additional 1,307 shares during the quarter. American Century Companies Inc. owned about 0.08% of Grupo Aeroportuario del Sureste worth $6,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ASR. Nuveen LLC purchased a new stake in Grupo Aeroportuario del Sureste during the 1st quarter valued at approximately $44,197,000. AQR Capital Management LLC grew its holdings in Grupo Aeroportuario del Sureste by 16.4% during the 4th quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company's stock valued at $35,256,000 after buying an additional 19,302 shares in the last quarter. Wealthquest Corp purchased a new stake in Grupo Aeroportuario del Sureste during the 1st quarter valued at approximately $3,979,000. Millennium Management LLC grew its holdings in Grupo Aeroportuario del Sureste by 159.1% during the 4th quarter. Millennium Management LLC now owns 17,553 shares of the transportation company's stock valued at $4,522,000 after buying an additional 10,778 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Grupo Aeroportuario del Sureste by 15.5% during the 1st quarter. National Bank of Canada FI now owns 75,043 shares of the transportation company's stock valued at $20,546,000 after buying an additional 10,072 shares in the last quarter. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR stock traded up $5.70 on Tuesday, reaching $331.41. The company's stock had a trading volume of 72,519 shares, compared to its average volume of 82,109. The stock's fifty day simple moving average is $314.90 and its 200-day simple moving average is $304.26. 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 company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 8.34 and a beta of 0.76.

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

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a dividend of $8.0427 per share. This represents a yield of 920.0%. The ex-dividend date of this dividend is Monday, September 29th. Grupo Aeroportuario del Sureste's payout ratio is presently 111.52%.

Analyst Upgrades and Downgrades

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

About Grupo Aeroportuario del Sureste

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.