Euro Pacific Asset Management LLC Invests $432,000 in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Euro Pacific Asset Management LLC acquired a new stake in Grupo Aeroportuario del Sureste, investing approximately $432,000 to purchase 1,343 shares during the second quarter.
• The company's recent earnings report showed an EPS of $3.80, missing analysts' expectations of $6.01, with revenues significantly below consensus estimates.
• Grupo Aeroportuario del Sureste declared a special dividend of $8.0427 per share, with an ex-dividend date of September 29th, and a payout ratio of 146.41%.

Euro Pacific Asset Management LLC bought a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,343 shares of the transportation company's stock, valued at approximately $432,000.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its position in Grupo Aeroportuario del Sureste by 26.1% in the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company's stock valued at $103,000 after purchasing an additional 67 shares during the last quarter. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 16.8% during the first quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock worth $120,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. grew its stake in Grupo Aeroportuario del Sureste by 7.8% in the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock valued at $143,000 after acquiring an additional 38 shares during the period. US Bancorp DE increased its stake in Grupo Aeroportuario del Sureste by 4.4% during the 1st quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after purchasing an additional 31 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Grupo Aeroportuario del Sureste during the first quarter worth $207,000. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Price Performance

Grupo Aeroportuario del Sureste stock opened at $317.43 on Tuesday. The stock's 50 day moving average is $326.05 and its 200 day moving average is $314.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $248.88 and a one year high of $360.00. The firm has a market cap of $9.52 billion, a P/E ratio of 15.30, a P/E/G ratio of 8.12 and a beta of 0.77.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.01 by ($2.21). The business had revenue of $464.62 million for the quarter, compared to the consensus estimate of $8.98 billion. Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%. As a group, research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $8.0427 per share. The ex-dividend date is Monday, September 29th. Grupo Aeroportuario del Sureste's payout ratio is 146.41%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Citigroup reissued a "buy" rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $310.00.

About Grupo Aeroportuario del Sureste

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.

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