5,819 Shares in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ Fund Management Ireland Ltd acquired a stake in Grupo Aeroportuario del Sureste, investing approximately $1.59 million during the first quarter, reflecting growing interest from institutional investors in the transportation sector.
• Grupo Aeroportuario del Sureste's stock saw a significant decline in earnings, reporting an EPS of $3.80, which was below the consensus estimate of $6.01 for the quarter ending July 22nd.
• Analysts at Scotiabank downgraded Grupo Aeroportuario del Sureste's rating from "sector outperform" to "sector perform," indicating a more cautious outlook for the company.

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,819 shares of the transportation company's stock, valued at approximately $1,593,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Grupo Aeroportuario del Sureste during the fourth quarter worth about $61,000. Wells Fargo & Company MN boosted its stake in shares of Grupo Aeroportuario del Sureste by 67.5% in the fourth quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock valued at $89,000 after buying an additional 139 shares during the period. Signaturefd LLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 16.8% during the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock worth $120,000 after buying an additional 63 shares in the last quarter. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Sureste by 7.8% in the 1st quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock valued at $143,000 after purchasing an additional 38 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Grupo Aeroportuario del Sureste by 4.4% during the 1st quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after acquiring an additional 31 shares during the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Stock Performance

Grupo Aeroportuario del Sureste stock traded down $3.17 during midday trading on Thursday, reaching $312.10. The stock had a trading volume of 52,643 shares, compared to its average volume of 72,083. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12 month low of $248.88 and a 12 month high of $360.00. The firm has a market capitalization of $9.36 billion, a PE ratio of 15.04, a P/E/G ratio of 7.84 and a beta of 0.79. The firm's 50-day moving average price is $311.50 and its 200 day moving average price is $298.15.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued 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 fiscal year.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th.

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.