QRG Capital Management Inc. Invests $335,000 in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• QRG Capital Management Inc. has made a new investment of **$335,000** in Grupo Aeroportuario del Sureste, acquiring **1,049 shares** of the company's stock.
• Grupo Aeroportuario del Sureste recently announced a **special dividend** of **$8.0427 per share**, with a payout ratio of **146.89%**.
• The company's stock has a current consensus rating of **"Hold"** and a price target of **$310.00**, despite recent analyst ratings varying from **buy** to **strong sell**.

QRG Capital Management Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,049 shares of the transportation company's stock, valued at approximately $335,000.

Several other large investors also recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 26.1% in the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company's stock worth $103,000 after purchasing an additional 67 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 16.8% in the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock worth $120,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Grupo Aeroportuario del Sureste by 7.8% in the 1st quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock worth $143,000 after purchasing an additional 38 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Grupo Aeroportuario del Sureste by 4.4% in the 1st quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after purchasing an additional 31 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth $207,000. Institutional investors and hedge funds own 10.57% of the company's stock.

Analyst Ratings Changes

ASR has been the topic of a number of recent research reports. Citigroup reiterated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday. Finally, Zacks Research cut Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $310.00.

Grupo Aeroportuario del Sureste Trading Down 0.7%

NYSE ASR opened at $312.41 on Friday. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 8.03 and a beta of 0.77. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $248.88 and a one year high of $360.00. 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 business's fifty day moving average is $327.03 and its 200-day moving average is $315.20.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The transportation company reported $3.80 EPS 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 the consensus estimate of $8.98 billion. Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%. Equities research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were paid a dividend of $8.0427 per share. The ex-dividend date was Monday, September 29th. Grupo Aeroportuario del Sureste's payout ratio is presently 146.89%.

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.

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