Cerity Partners LLC Acquires 1,135 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

Cerity Partners LLC boosted its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 102.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,242 shares of the transportation company's stock after acquiring an additional 1,135 shares during the period. Cerity Partners LLC's holdings in Grupo Aeroportuario del Sureste were worth $614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ASR. Headlands Technologies LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter worth about $61,000. Wells Fargo & Company MN grew its holdings in shares of Grupo Aeroportuario del Sureste by 67.5% during the fourth quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock worth $89,000 after purchasing an additional 139 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 7.8% during the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock worth $143,000 after purchasing an additional 38 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter worth about $208,000. Finally, First Trust Advisors LP purchased a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter worth about $221,000. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Trading Down 0.4%

ASR stock traded down $1.19 during midday trading on Friday, hitting $303.85. The company had a trading volume of 54,408 shares, compared to its average volume of 88,244. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. 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 stock's 50 day moving average price is $317.58 and its 200 day moving average price is $295.65. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 7.72 and a beta of 0.74.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share 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 during the quarter, compared to the consensus estimate of $8.98 billion. As a group, equities research analysts expect 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 Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were issued a dividend of $24.585 per share. This represents a dividend yield of 8.6%. The ex-dividend date of this dividend was Wednesday, May 28th. This is an increase from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. Grupo Aeroportuario del Sureste's dividend payout ratio is currently 111.52%.

Analyst Upgrades and Downgrades

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.

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.