GAMMA Investing LLC Raises Position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

GAMMA Investing LLC boosted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) by 25,255.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,846 shares of the transportation company's stock after buying an additional 6,819 shares during the quarter. GAMMA Investing LLC's holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $18,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ASR. Headlands Technologies LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter valued at about $61,000. Wells Fargo & Company MN raised its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 67.5% during the 4th quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock valued at $89,000 after purchasing an additional 139 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 346 shares of the transportation company's stock worth $91,000 after buying an additional 101 shares during the period. US Bancorp DE lifted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 7.2% in the 4th quarter. US Bancorp DE now owns 699 shares of the transportation company's stock worth $180,000 after buying an additional 47 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 10.57% of the company's stock.

Analyst Upgrades and Downgrades

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

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Down 0.8%

ASR traded down $2.63 during trading on Friday, reaching $322.90. The stock had a trading volume of 59,045 shares, compared to its average volume of 49,486. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 7.16 and a beta of 0.75. The stock's 50 day moving average is $309.67 and its two-hundred day moving average is $283.85. 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.

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

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

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

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.