Invesco Ltd. Sells 7,361 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Invesco Ltd. cut its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 64.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,985 shares of the transportation company's stock after selling 7,361 shares during the quarter. Invesco Ltd.'s holdings in Grupo Aeroportuario del Sureste were worth $1,091,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter worth $227,000. Northern Trust Corp grew its stake in shares of Grupo Aeroportuario del Sureste by 88.1% in the fourth quarter. Northern Trust Corp now owns 4,316 shares of the transportation company's stock worth $1,112,000 after acquiring an additional 2,021 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter worth $742,000. Malaga Cove Capital LLC grew its stake in shares of Grupo Aeroportuario del Sureste by 118.5% in the fourth quarter. Malaga Cove Capital LLC now owns 1,617 shares of the transportation company's stock worth $417,000 after acquiring an additional 877 shares during the last quarter. Finally, Formidable Asset Management LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter worth $412,000. 10.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Grupo Aeroportuario del Sureste currently has a consensus rating of "Hold" and an average target price of $310.00.

Grupo Aeroportuario del Sureste Stock Performance

NYSE:ASR traded up $4.45 on Friday, hitting $339.97. The stock had a trading volume of 142,738 shares, compared to its average volume of 70,027. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 8.50 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. The business's 50-day simple moving average is $315.79 and its two-hundred day simple moving average is $304.81. 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 announced 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 firm had revenue of $464.62 million during the quarter, compared to analysts' expectations of $8.98 billion. Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%. As a group, research analysts predict 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 firm also recently announced a special dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a dividend of $8.0427 per share. This represents a yield of 920.0%. The ex-dividend date of this dividend is Monday, September 29th. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is 111.52%.

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.