Nuveen LLC Buys Shares of 161,408 Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Nuveen LLC has invested approximately $44.20 million in Grupo Aeroportuario del Sureste, acquiring 161,408 shares and holding about 0.54% of the company's stock.
• The company reported earnings of $3.80 per share, missing analysts' estimates of $6.01, with revenues significantly below expectations at $464.62 million.
• Grupo Aeroportuario del Sureste's market cap stands at $9.82 billion, alongside a debt-to-equity ratio of 0.18 and a P/E ratio of 15.77.

Nuveen LLC bought a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 161,408 shares of the transportation company's stock, valued at approximately $44,197,000. Nuveen LLC owned about 0.54% of Grupo Aeroportuario del Sureste at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in Grupo Aeroportuario del Sureste by 4.4% during the first quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after purchasing an additional 31 shares during the last quarter. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Sureste by 7.8% during the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock worth $143,000 after purchasing an additional 38 shares during the last quarter. Signaturefd LLC lifted its stake in Grupo Aeroportuario del Sureste by 16.8% during the first quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock worth $120,000 after purchasing an additional 63 shares during the last quarter. Geode Capital Management LLC lifted its stake in Grupo Aeroportuario del Sureste by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 1,119 shares of the transportation company's stock valued at $288,000 after buying an additional 65 shares during the last quarter. Finally, Cynosure Group LLC lifted its stake in Grupo Aeroportuario del Sureste by 5.3% in the first quarter. Cynosure Group LLC now owns 1,283 shares of the transportation company's stock valued at $351,000 after buying an additional 65 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $310.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of NYSE ASR traded up $8.0630 during midday trading on Thursday, reaching $329.1330. 105,120 shares of the company traded hands, compared to its average volume of 65,395. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $248.88 and a 52 week high of $360.00. The stock has a 50-day moving average price of $311.69 and a 200 day moving average price of $301.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 8.22 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). Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. The company had revenue of $464.62 million for the quarter, compared to the consensus estimate of $8.98 billion. Sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current fiscal year.

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.