National Bank of Canada FI Buys 10,072 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

Key Points

• National Bank of Canada FI increased its stake in Grupo Aeroportuario del Sureste by 15.5%, now holding 75,043 shares valued at approximately $20.5 million.
• Despite the investment, Scotiabank downgraded the company's shares from "sector outperform" to "sector perform" in a recent analysis.
• Grupo Aeroportuario del Sureste reported earnings per share of $3.80 for the last quarter, missing analyst estimates significantly.

National Bank of Canada FI increased its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,043 shares of the transportation company's stock after acquiring an additional 10,072 shares during the quarter. National Bank of Canada FI owned about 0.25% of Grupo Aeroportuario del Sureste worth $20,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth about $227,000. Northern Trust Corp increased its stake in Grupo Aeroportuario del Sureste by 88.1% during the 4th quarter. Northern Trust Corp now owns 4,316 shares of the transportation company's stock valued at $1,112,000 after purchasing an additional 2,021 shares in the last quarter. Citadel Advisors LLC bought a new stake in Grupo Aeroportuario del Sureste during the 4th quarter valued at about $742,000. Malaga Cove Capital LLC increased its stake in Grupo Aeroportuario del Sureste by 118.5% during the 4th quarter. Malaga Cove Capital LLC now owns 1,617 shares of the transportation company's stock valued at $417,000 after purchasing an additional 877 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Grupo Aeroportuario del Sureste by 41.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,680 shares of the transportation company's stock valued at $690,000 after purchasing an additional 791 shares in the last quarter. 10.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered shares of 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 Up 1.3%

NYSE:ASR traded up $4.11 on Friday, reaching $323.45. 4,768 shares of the stock traded hands, compared to its average volume of 67,589. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 8.25 and a beta of 0.79. The company has a current ratio of 5.16, a quick 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 company's fifty day simple moving average is $311.03 and its 200 day simple moving average is $299.69.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released 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). Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. The firm had revenue of $464.62 million for the quarter, compared to the consensus estimate of $8.98 billion. Equities analysts predict 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, 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.