Handelsbanken Fonder AB Has $8.45 Million Stake in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Handelsbanken Fonder AB cut its Grupo Aeroportuario del Sureste stake by 25.1% in the second quarter, selling 9,216 shares and retaining 27,542 shares valued at approximately $8.45 million.
• ASR shares opened at $267.08, down 2.8%, and remain well below their 12-month high of $381.52. The company missed quarterly earnings estimates, reporting $4.38 per share versus the $4.92 consensus, despite revenue exceeding expectations.
• Analyst sentiment is mixed, with upgrades from UBS and HSBC offset by a JPMorgan downgrade to “underweight.” MarketBeat’s consensus rating is “Hold”, with an average price target of $324.50.

Handelsbanken Fonder AB reduced its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,542 shares of the transportation company's stock after selling 9,216 shares during the quarter. Handelsbanken Fonder AB owned 0.09% of Grupo Aeroportuario del Sureste worth $8,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ASR. Royal Bank of Canada lifted its holdings in shares of Grupo Aeroportuario del Sureste by 6.3% in the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company's stock valued at $1,083,000 after purchasing an additional 235 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock worth $50,000 after buying an additional 138 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Grupo Aeroportuario del Sureste by 119.2% during the second quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company's stock worth $4,658,000 after buying an additional 7,945 shares in the last quarter. Jump Financial LLC acquired a new stake in Grupo Aeroportuario del Sureste in the 2nd quarter valued at approximately $1,432,000. Finally, Qube Research & Technologies Ltd raised its position in Grupo Aeroportuario del Sureste by 1.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company's stock valued at $16,084,000 after buying an additional 584 shares during the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Stock Down 2.8%

NYSE:ASR opened at $267.08 on Friday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $259.01 and a twelve month high of $381.52. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average price is $286.33 and its two-hundred day moving average price is $316.80.

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 for the quarter, missing the consensus estimate of $4.92 by ($0.54). The firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.85%. Equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ASR. Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research report on Wednesday, July 22nd. UBS Group raised shares of Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a research report on Thursday, June 18th. Finally, HSBC upgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price target on the stock in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $324.50.

Grupo Aeroportuario del Sureste 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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