Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,862 shares of the transportation company's stock after purchasing an additional 2,964 shares during the quarter. Bank of America Corp DE's holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $3,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASR. AGF 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 about $827,000. Northern Trust Corp raised its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 88.1% during the 4th quarter. Northern Trust Corp now owns 4,316 shares of the transportation company's stock worth $1,112,000 after acquiring an additional 2,021 shares in the last quarter. Fisher Funds Management LTD purchased a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter valued at approximately $13,464,000. Abacus FCF Advisors LLC acquired a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the fourth quarter valued at approximately $383,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,680 shares of the transportation company's stock worth $690,000 after purchasing an additional 791 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

Wall Street Analyst Weigh In

ASR has been the subject of several analyst reports. Jefferies Financial Group decreased their price objective on Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Scotiabank cut 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. Stock Performance

Shares of NYSE:ASR traded down $4.21 on Wednesday, hitting $321.38. 85,789 shares of the company were exchanged, compared to its average volume of 49,303. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average price is $308.66 and its 200 day moving average price is $283.45. 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 capitalization of $9.64 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 7.16 and a beta of 0.75.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The transportation company reported $5.74 EPS for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). 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%. The firm had revenue of $430.05 million for the quarter, compared to analyst estimates of $462.98 million. Sell-side analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 EPS for the current year.

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

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th will be paid a $24.585 dividend. The ex-dividend date is Wednesday, May 28th. This represents a dividend yield of 8.6%. This is a positive change from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s dividend payout ratio is presently 83.31%.

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.