Empowered Funds LLC Takes Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Empowered Funds LLC acquired 22,868 shares of Grupo Aeroportuario del Sureste, valued at approximately $7.7 million, giving it a 0.08% stake. Institutional investors collectively own 10.57% of the company.
• Analyst sentiment is mixed: HSBC and UBS upgraded ASR to “buy,” while JPMorgan downgraded it to “underweight.” The stock has an overall “Hold” consensus rating and an average price target of $324.50.
• ASR reported quarterly revenue of $547.46 million, above estimates, but earnings of $4.38 per share missed expectations of $4.92. Shares opened at $263.66, near the company’s 52-week low of $259.01.

Empowered Funds LLC purchased a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,868 shares of the transportation company's stock, valued at approximately $7,687,000. Empowered Funds LLC owned 0.08% of Grupo Aeroportuario del Sureste as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ASR. Compound Planning Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste by 4.3% during the 4th quarter. Compound Planning Inc. now owns 704 shares of the transportation company's stock worth $228,000 after acquiring an additional 29 shares during the period. PNC Financial Services Group Inc. raised its stake in Grupo Aeroportuario del Sureste by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company's stock valued at $269,000 after acquiring an additional 39 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Grupo Aeroportuario del Sureste by 3.0% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company's stock valued at $429,000 after purchasing an additional 39 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after purchasing an additional 50 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in Grupo Aeroportuario del Sureste by 8.2% during the fourth quarter. Ieq Capital LLC now owns 711 shares of the transportation company's stock worth $230,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 10.57% of the company's stock.

Analyst Ratings Changes

ASR has been the subject of several research analyst reports. HSBC raised shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 target price for the company in a report on Thursday, July 30th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research note on Wednesday, July 22nd. Weiss Ratings cut Grupo Aeroportuario del Sureste from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Finally, UBS Group raised Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $324.50.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE ASR opened at $263.66 on Friday. The business has a fifty day moving average price of $285.95 and a two-hundred day moving average price of $316.42. The stock has a market capitalization of $7.91 billion, a PE ratio of 14.18, a P/E/G ratio of 1.74 and a beta of 0.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.39. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $259.01 and a fifty-two week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%.The company had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. As a group, equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Company 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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