AQR Capital Management LLC Has $84.34 Million Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• AQR Capital Management LLC significantly increased its holdings in Grupo Aeroportuario del Sureste by 126.2%, owning approximately 1.03% of the company worth around $84.3 million post-purchase.
• Grupo Aeroportuario del Sureste recently reported a special dividend of $8.0427 per share, with a yield of 920.0% and an upcoming payout date set for October 10.
• Despite a strong market capitalization of $10.20 billion, the company reported earnings per share of $3.80, which missed analysts' estimates of $6.01.

AQR Capital Management LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 126.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 309,500 shares of the transportation company's stock after acquiring an additional 172,654 shares during the quarter. AQR Capital Management LLC owned approximately 1.03% of Grupo Aeroportuario del Sureste worth $84,339,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at $44,197,000. Wealthquest Corp bought a new position in Grupo Aeroportuario del Sureste during the first quarter valued at about $3,979,000. Canada Pension Plan Investment Board lifted its position in shares of Grupo Aeroportuario del Sureste by 41.2% in the first quarter. Canada Pension Plan Investment Board now owns 43,360 shares of the transportation company's stock worth $11,873,000 after buying an additional 12,660 shares during the last quarter. Millennium Management LLC boosted its stake in shares of 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 worth $4,522,000 after acquiring an additional 10,778 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of 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 acquiring an additional 10,072 shares during the last quarter. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Stock Performance

Shares of Grupo Aeroportuario del Sureste stock traded up $9.78 during midday trading on Thursday, hitting $346.73. The company had a trading volume of 82,191 shares, compared to its average volume of 86,515. 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 business's 50 day simple moving average is $318.03 and its two-hundred day simple moving average is $306.91. The stock has a market cap of $10.40 billion, a PE ratio of 16.71, a P/E/G ratio of 8.63 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly 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). The company had revenue of $464.62 million during the quarter, compared to the consensus estimate of $8.98 billion. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. As a group, equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ASR shares. Scotiabank lowered Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th. Citigroup reissued a "buy" rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $310.00.

Grupo Aeroportuario del Sureste 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.