U S Global Investors Inc. Acquires 16,125 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• U.S. Global Investors acquired 16,125 shares of Grupo Aeroportuario del Sureste during the third quarter, valued at approximately $3.79 million and representing about 0.05% of the company.
• ASR reported quarterly revenue of $576.34 million, exceeding estimates, but earnings of $3.98 per share fell short of the $4.60 consensus forecast.
• The stock opened at $250.53, well below its 12-month high of $381.52. Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $324.50.

U S Global Investors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,125 shares of the transportation company's stock, valued at approximately $3,792,000. U S Global Investors Inc. owned about 0.05% of Grupo Aeroportuario del Sureste as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ASR. PNC Financial Services Group Inc. increased its position in Grupo Aeroportuario del Sureste by 5.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company's stock worth $269,000 after purchasing an additional 39 shares in the last quarter. Parallel Advisors LLC raised its stake in Grupo Aeroportuario del Sureste by 42.1% in the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company's stock valued at $142,000 after purchasing an additional 125 shares during the last quarter. ABS Direct Equity Fund LLC raised its stake in Grupo Aeroportuario del Sureste by 1.9% in the 1st quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company's stock valued at $2,319,000 after purchasing an additional 130 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Grupo Aeroportuario del Sureste by 14.9% in the 1st quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company's stock valued at $339,000 after purchasing an additional 131 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Grupo Aeroportuario del Sureste by 13.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,472 shares of the transportation company's stock valued at $476,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Performance

NYSE ASR opened at $250.53 on Friday. The business's 50-day moving average price is $247.90 and its 200 day moving average price is $281.45. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $226.19 and a twelve month high of $381.52. The company has a market capitalization of $7.52 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.74 and a beta of 0.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.60 by ($0.62). The business had revenue of $576.34 million during the quarter, compared to analysts' expectations of $527.02 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. On average, research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.77 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ASR shares. HSBC raised shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price target on the stock in a research note on Thursday, July 30th. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste has an average rating of "Hold" and a consensus price target of $324.50.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. NYSE: ASR, commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country's major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.

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