Canada Pension Plan Investment Board Buys 12,660 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• The Canada Pension Plan Investment Board increased its stake in Grupo Aeroportuario del Sureste by 41.2%, acquiring an additional 12,660 shares, bringing its total to 43,360 shares worth approximately $11.87 million.
• Grupo Aeroportuario del Sureste reported a quarterly earnings miss with an EPS of $3.80, failing to meet the consensus estimate of $6.01, while its revenue for the quarter was significantly lower than expected at $464.62 million.
• The company declared a special dividend of $8.0427 per share, to be paid on October 10th, after a record date on September 29th, with a current dividend payout ratio of 111.52%.

Canada Pension Plan Investment Board lifted its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 41.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,360 shares of the transportation company's stock after acquiring an additional 12,660 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.14% of Grupo Aeroportuario del Sureste worth $11,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Grupo Aeroportuario del Sureste in the first quarter worth approximately $227,000. Northern Trust Corp lifted its stake in shares of Grupo Aeroportuario del Sureste by 88.1% during the 4th quarter. Northern Trust Corp now owns 4,316 shares of the transportation company's stock valued at $1,112,000 after buying an additional 2,021 shares in the last quarter. Citadel Advisors LLC bought a new position in Grupo Aeroportuario del Sureste in the 4th quarter worth $742,000. Malaga Cove Capital LLC increased its stake in Grupo Aeroportuario del Sureste by 118.5% in the 4th quarter. Malaga Cove Capital LLC now owns 1,617 shares of the transportation company's stock worth $417,000 after buying an additional 877 shares in the last quarter. Finally, Formidable Asset Management LLC bought a new stake in Grupo Aeroportuario del Sureste during the fourth quarter valued at about $412,000. Institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Performance

Shares of NYSE ASR opened at $326.42 on Tuesday. The company has a market cap of $9.79 billion, a P/E ratio of 15.73, a P/E/G ratio of 8.34 and a beta of 0.76. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $248.88 and a 52-week high of $360.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The firm's fifty day moving average is $314.39 and its two-hundred day moving average is $304.07.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $3.80 EPS for the quarter, missing the consensus estimate 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 company had revenue of $464.62 million for the quarter, compared to the consensus estimate of $8.98 billion. As a group, analysts anticipate 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 firm also recently declared a special dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a dividend of $8.0427 per share. The ex-dividend date of this dividend is Monday, September 29th. Grupo Aeroportuario del Sureste's dividend payout ratio is presently 111.52%.

Analyst Ratings Changes

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

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.

Want to see what other hedge funds are holding ASR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.