Formidable Asset Management LLC Buys New Shares in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

Formidable Asset Management LLC acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,601 shares of the transportation company's stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 249,572 shares of the transportation company's stock worth $64,297,000 after purchasing an additional 6,552 shares during the period. AQR Capital Management LLC grew its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.4% during the fourth quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company's stock valued at $35,256,000 after buying an additional 19,302 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.6% during the fourth quarter. Hsbc Holdings PLC now owns 106,311 shares of the transportation company's stock valued at $27,389,000 after buying an additional 15,112 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter valued at approximately $13,464,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 27.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 30,700 shares of the transportation company's stock valued at $7,909,000 after buying an additional 6,700 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Performance

ASR traded up $3.79 during trading on Friday, hitting $321.79. The company's stock had a trading volume of 26,132 shares, compared to its average volume of 47,813. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.20. Grupo Aeroportuario del Sureste, S. A. B. 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 $9.65 billion, a PE ratio of 12.13, a P/E/G ratio of 7.16 and a beta of 0.75. The business's 50 day simple moving average is $305.28 and its 200-day simple moving average is $281.74.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. The business had revenue of $430.05 million during the quarter, compared to the consensus estimate of $462.98 million. As a group, sell-side analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th will be given a $24.585 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This is an increase from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60. This represents a yield of 8.6%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s dividend payout ratio (DPR) is presently 83.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ASR. Scotiabank cut shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th. Jefferies Financial Group cut their price target on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a "hold" rating on the stock in a report on Wednesday, February 12th.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. 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.