Russell Investments Group Ltd. Sells 1,394 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• Russell Investments Group Ltd. has reduced its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.9%, selling 1,394 shares to own 72,465 shares now valued at approximately $19.8 million.
• Several hedge funds increased their stakes in Grupo Aeroportuario del Sureste, with notable growth from Signaturefd LLC, which raised its holdings by 16.8% in the first quarter.
• Grupo Aeroportuario del Sureste recently reported earnings of $3.80 EPS, missing estimates significantly, and the stock has a market cap of $9.82 billion with a P/E ratio of 15.77.

Russell Investments Group Ltd. decreased its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,465 shares of the transportation company's stock after selling 1,394 shares during the period. Russell Investments Group Ltd. owned 0.24% of Grupo Aeroportuario del Sureste worth $19,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in Grupo Aeroportuario del Sureste by 67.5% during the 4th quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock worth $89,000 after acquiring an additional 139 shares during the period. Signaturefd LLC raised its stake in Grupo Aeroportuario del Sureste by 16.8% during the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock worth $120,000 after acquiring an additional 63 shares during the period. Blue Trust Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste by 7.8% in the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock worth $143,000 after acquiring an additional 38 shares during the period. US Bancorp DE boosted its stake in shares of Grupo Aeroportuario del Sureste by 4.4% in the first quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after acquiring an additional 31 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Grupo Aeroportuario del Sureste in the first quarter worth about $207,000. Institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Price Performance

NYSE ASR traded down $2.03 on Friday, reaching $327.47. The company had a trading volume of 29,632 shares, compared to its average volume of 68,533. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $9.82 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 8.22 and a beta of 0.79. The firm's 50 day moving average price is $311.69 and its 200 day moving average price is $301.37. 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.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.01 by ($2.21). The company had revenue of $464.62 million during the quarter, compared to the consensus estimate of $8.98 billion. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. As a group, equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered 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, the stock currently has an average rating of "Hold" and an average target price of $310.00.

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.