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

Invesco Ltd. cut its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 64.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI lifted its stake in shares of Grupo Aeroportuario del Sureste by 15.5% in the 1st quarter. National Bank of Canada FI now owns 75,043 shares of the transportation company's stock valued at $20,546,000 after purchasing an additional 10,072 shares during the period. Millennium Management LLC lifted its stake in shares of Grupo Aeroportuario del Sureste by 159.1% in the 4th quarter. Millennium Management LLC now owns 17,553 shares of the transportation company's stock valued at $4,522,000 after purchasing an additional 10,778 shares during the period. Wealthquest Corp acquired a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at about $3,979,000. Bank of America Corp DE lifted its stake in shares of Grupo Aeroportuario del Sureste by 27.2% in the 4th quarter. Bank of America Corp DE now owns 13,862 shares of the transportation company's stock valued at $3,571,000 after purchasing an additional 2,964 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Grupo Aeroportuario del Sureste by 25,255.6% in the 1st quarter. GAMMA Investing LLC now owns 6,846 shares of the transportation company's stock valued at $18,750,000 after purchasing an additional 6,819 shares during the period. 10.57% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Stock Up 1.3%

ASR stock traded up $4.45 during trading on Friday, reaching $339.97. 142,738 shares of the stock were exchanged, compared to its average volume of 85,208. The firm's 50 day moving average is $316.33 and its 200 day moving average is $305.46. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $248.88 and a twelve month high of $360.00. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. The firm has a market cap of $10.20 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 8.68 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share for the quarter, missing analysts' consensus estimates of $6.01 by ($2.21). Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%.The firm had revenue of $464.62 million for the quarter, compared to analyst estimates of $8.98 billion. As a group, research analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently declared 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 is 111.52%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank downgraded 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $310.00.

Grupo Aeroportuario del Sureste Company 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.