Mackenzie Financial Corp Lowers Stock Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

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 stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 39.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ASR. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Grupo Aeroportuario del Sureste during the first quarter valued at approximately $227,000. Northern Trust Corp boosted its stake in 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 purchasing an additional 2,021 shares in the last quarter. Citadel Advisors LLC acquired a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at about $742,000. Malaga Cove Capital LLC boosted its position in shares of 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 purchasing an additional 877 shares in the last quarter. Finally, Abacus FCF Advisors LLC bought a new stake in Grupo Aeroportuario del Sureste during the 4th quarter worth about $383,000. Institutional investors and hedge funds own 10.57% of the company's stock.

Analyst Upgrades and Downgrades

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.

Grupo Aeroportuario del Sureste Stock Performance

NYSE ASR traded up $5.97 on Wednesday, reaching $314.08. 38,302 shares of the company's stock traded hands, compared to its average volume of 67,162. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The stock has a 50 day moving average price of $311.79 and a 200-day moving average price of $297.77. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $248.88 and a fifty-two week high of $360.00. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 7.53 and a beta of 0.79.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $464.62 million for the quarter, compared to analyst estimates of $8.98 billion. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. Equities research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste 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.