Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Stake Trimmed by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp has reduced its stake in Grupo Aeroportuario del Sureste by 39.6%, selling 8,980 shares and now holding 13,704 shares worth approximately $3.75 million.
• Grupo Aeroportuario del Sureste reported a quarterly earnings per share (EPS) of $3.80, significantly missing the consensus estimate of $6.01, alongside revenue of $464.62 million against an expectation of $8.98 billion.
• Analysts from Scotiabank have downgraded the stock from "sector outperform" to "sector perform," reflecting a bearish sentiment towards its performance.

Mackenzie Financial Corp trimmed its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 39.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,704 shares of the transportation company's stock after selling 8,980 shares during the period. Mackenzie Financial Corp's holdings in Grupo Aeroportuario del Sureste were worth $3,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ASR. Sumitomo Mitsui Trust Group Inc. acquired a new position in Grupo Aeroportuario del Sureste in the first quarter worth $227,000. Northern Trust Corp boosted its holdings in shares of Grupo Aeroportuario del Sureste by 88.1% in the 4th quarter. Northern Trust Corp now owns 4,316 shares of the transportation company's stock valued at $1,112,000 after buying an additional 2,021 shares during the period. Citadel Advisors LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at about $742,000. Malaga Cove Capital LLC raised its stake in Grupo Aeroportuario del Sureste by 118.5% during 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 period. Finally, Abacus FCF Advisors LLC bought a new position in Grupo Aeroportuario del Sureste in the fourth quarter worth about $383,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR traded down $2.51 during midday trading on Monday, hitting $301.52. 25,322 shares of the stock traded hands, compared to its average volume of 67,269. The business's 50 day moving average price is $313.48 and its two-hundred day moving average price is $297.50. The firm has a market capitalization of $9.05 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 7.56 and a beta of 0.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. 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 released 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 net margin of 37.14% and a return on equity of 19.91%. The business had revenue of $464.62 million for the quarter, compared to the consensus estimate of $8.98 billion. Equities research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.