Hsbc Holdings PLC Has $31.50 Million Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Hsbc Holdings PLC increased its stake in Grupo Aeroportuario del Sureste by 8.2%, acquiring 8,717 additional shares, bringing its total ownership to approximately 115,028 shares valued at $31.5 million.
• Other institutional investors, including Nuveen LLC and AQR Capital Management, have also increased their positions in Grupo Aeroportuario del Sureste, indicating strong interest in the company.
• Scotiabank downgraded the stock’s rating from "sector outperform" to "sector perform", while analysts maintain an average price target of $310.00 for the shares.

Hsbc Holdings PLC grew its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,028 shares of the transportation company's stock after purchasing an additional 8,717 shares during the quarter. Hsbc Holdings PLC owned approximately 0.38% of Grupo Aeroportuario del Sureste worth $31,498,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Nuveen LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at about $44,197,000. AQR Capital Management LLC boosted its stake in Grupo Aeroportuario del Sureste by 16.4% during the 4th quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company's stock worth $35,256,000 after acquiring an additional 19,302 shares during the last quarter. National Bank of Canada FI boosted its stake in Grupo Aeroportuario del Sureste by 15.5% during the 1st quarter. National Bank of Canada FI now owns 75,043 shares of the transportation company's stock worth $20,546,000 after acquiring an additional 10,072 shares during the last quarter. American Century Companies Inc. boosted its stake in Grupo Aeroportuario del Sureste by 5.7% during the 1st quarter. American Century Companies Inc. now owns 24,064 shares of the transportation company's stock worth $6,589,000 after acquiring an additional 1,307 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Grupo Aeroportuario del Sureste by 159.1% during the 4th quarter. Millennium Management LLC now owns 17,553 shares of the transportation company's stock worth $4,522,000 after acquiring an additional 10,778 shares during the last quarter. Institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Up 0.5%

ASR stock traded up $1.65 during mid-day trading on Wednesday, hitting $328.12. 69,488 shares of the company were exchanged, compared to its average volume of 69,143. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The firm has a market cap of $9.84 billion, a P/E ratio of 15.80, a P/E/G ratio of 8.27 and a beta of 0.79. The firm's 50 day simple moving average is $312.52 and its 200 day simple moving average is $302.68. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $248.88 and a 1-year high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The transportation company reported $3.80 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 analyst estimates 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, sell-side analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Scotiabank lowered shares of Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average 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.