Cannell Capital LLC Purchases 13,953 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Cannell Capital LLC boosted its stake in Grupo Aeroportuario del Sureste (NYSE:ASR) by 137.2% in Q3, buying 13,953 shares to hold 24,120 shares worth about $7.8 million, representing roughly 0.08% of ASR and about 1.2% of Cannell’s portfolio (its 19th-largest position).
• Analysts have a consensus Hold on ASR with an average price target of $300 (2 Buy, 3 Hold, 1 Sell); ASR recently reported Q earnings of $5.03 EPS (missed by $0.01) and revenue of $636.4M (beat estimates), with the stock trading near $316.80 and a P/E of 17.21.

Cannell Capital LLC boosted its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 137.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,120 shares of the transportation company's stock after acquiring an additional 13,953 shares during the quarter. Grupo Aeroportuario del Sureste accounts for approximately 1.2% of Cannell Capital LLC's holdings, making the stock its 19th largest position. Cannell Capital LLC owned approximately 0.08% of Grupo Aeroportuario del Sureste worth $7,799,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth $46,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock valued at $50,000 after purchasing an additional 138 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after buying an additional 50 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Grupo Aeroportuario del Sureste by 85.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company's stock worth $64,000 after buying an additional 91 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Grupo Aeroportuario del Sureste by 249.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company's stock worth $157,000 after buying an additional 347 shares in the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ASR shares. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating in a research note on Saturday. Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, December 4th. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Grupo Aeroportuario del Sureste has a consensus rating of "Hold" and an average price target of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

ASR opened at $316.80 on Friday. The company has a 50 day simple moving average of $346.83 and a two-hundred day simple moving average of $327.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.69 and a quick ratio of 2.69. The firm has a market cap of $9.50 billion, a P/E ratio of 17.21 and a beta of 0.53. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $249.21 and a 1-year high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.01). The firm had revenue of $636.39 million for the quarter, compared to the consensus estimate of $500.58 million. Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%. Equities 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 Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. NYSE: ASR is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.

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