FCG Investment Co Makes New Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• FCG Investment Co has acquired a new stake in Grupo Aeroportuario del Sureste, purchasing 3,019 shares valued at approximately $963,000 in the 2nd quarter.
• The company recently announced a special dividend of $8.0427 per share, boasting a remarkable dividend yield of 920.0% despite having a dividend payout ratio of 111.52%.
• Grupo Aeroportuario del Sureste reported earnings of $3.80 per share for the last quarter, missing estimates by $2.21, with a consensus rating of "Hold" from analysts.

FCG Investment Co purchased a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,019 shares of the transportation company's stock, valued at approximately $963,000.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC raised its position in Grupo Aeroportuario del Sureste by 26.1% during the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company's stock worth $103,000 after purchasing an additional 67 shares during the last quarter. Signaturefd LLC increased its stake in shares of Grupo Aeroportuario del Sureste by 16.8% in the first quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock valued at $120,000 after buying an additional 63 shares during the period. Blue Trust Inc. raised its position 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 acquiring an additional 38 shares during the last quarter. US Bancorp DE lifted its stake in shares of Grupo Aeroportuario del Sureste by 4.4% in the first quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after acquiring an additional 31 shares during the period. Finally, XTX Topco Ltd bought a new stake in Grupo Aeroportuario del Sureste in the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR stock opened at $337.17 on Friday. The firm has a 50 day moving average of $323.81 and a 200-day moving average of $311.90. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 8.67 and a beta of 0.76. The company has a quick ratio of 5.16, a current 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.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.01 by ($2.21). The company 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%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be paid a $8.0427 dividend. The ex-dividend date is Monday, September 29th. This represents a dividend yield of 920.0%. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is currently 111.52%.

Analysts Set New Price Targets

Separately, Citigroup restated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $310.00.

Grupo Aeroportuario del Sureste 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.

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.