JPMorgan Chase & Co. Sells 3,079 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• JPMorgan Chase trimmed its stake in Grupo Aeroportuario del Sureste by 1.4%, selling 3,079 shares and leaving it with 211,257 shares valued at about $68.31 million (≈0.70% ownership).
• Analysts hold a consensus rating of "Hold" with a $300 consensus target price (mix of 2 Buys, 3 Holds, 1 Sell), despite some recent upgrades from individual firms.
• In the latest quarter ASR reported $5.03 EPS (missing by $0.01) and revenue of $636.39 million (beating estimates); the stock trades around $325.82 with a $9.77 billion market cap and a 52‑week range of $249.21–$381.52.

JPMorgan Chase & Co. lessened its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,257 shares of the transportation company's stock after selling 3,079 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.70% of Grupo Aeroportuario del Sureste worth $68,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ASR. State of Wyoming bought a new position in Grupo Aeroportuario del Sureste in the third quarter worth $46,000. EverSource Wealth Advisors LLC boosted its stake in 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. Osaic Holdings Inc. increased its holdings in Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after buying an additional 50 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Grupo Aeroportuario del Sureste by 85.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company's stock valued at $64,000 after buying an additional 91 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of Grupo Aeroportuario del Sureste by 249.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company's stock valued at $157,000 after buying an additional 347 shares in the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ASR shares. Wall Street Zen raised shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Scotiabank raised shares of Grupo Aeroportuario del Sureste from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, December 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Grupo Aeroportuario del Sureste currently has a consensus rating of "Hold" and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

Grupo Aeroportuario del Sureste stock opened at $325.82 on Friday. The firm has a market capitalization of $9.77 billion, a P/E ratio of 17.70 and a beta of 0.53. The stock has a fifty day moving average price of $346.55 and a two-hundred day moving average price of $327.18. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $249.21 and a 52-week high of $381.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.69 and a quick ratio of 2.69.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its earnings results on Tuesday, February 24th. The transportation company reported $5.03 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.01). Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%. The firm had revenue of $636.39 million during the quarter, compared to analyst estimates of $500.58 million. As a group, analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

About Grupo Aeroportuario del Sureste

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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