U S Global Investors Inc. Sells 954 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• U S Global Investors Inc. sold 954 shares of Grupo Aeroportuario del Sureste, reducing its holdings by 6.7% to 13,279 shares worth $4,234,000.
• Analysts have differing views on Grupo Aeroportuario del Sureste, with one rating it as a Buy, three as Hold, and one as Sell, leading to a consensus rating of "Hold" and an average target price of $310.00.
• The company recently announced a special dividend of $8.0427 per share, with a payout ratio of 146.89%, emphasizing its commitment to returning value to shareholders.

U S Global Investors Inc. cut its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,279 shares of the transportation company's stock after selling 954 shares during the quarter. U S Global Investors Inc.'s holdings in Grupo Aeroportuario del Sureste were worth $4,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in Grupo Aeroportuario del Sureste by 50.0% during the 2nd quarter. Blue Trust Inc. now owns 786 shares of the transportation company's stock worth $251,000 after buying an additional 262 shares in the last quarter. Euro Pacific Asset Management LLC bought a new stake in Grupo Aeroportuario del Sureste during the 2nd quarter worth about $432,000. QRG Capital Management Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste during the 2nd quarter worth about $335,000. Signaturefd LLC increased its stake in shares of Grupo Aeroportuario del Sureste by 8.2% during the 2nd quarter. Signaturefd LLC now owns 474 shares of the transportation company's stock worth $151,000 after purchasing an additional 36 shares during the last quarter. Finally, FCG Investment Co acquired a new position in shares of Grupo Aeroportuario del Sureste during the 2nd quarter worth about $963,000. 10.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Sureste Stock Down 0.7%

Grupo Aeroportuario del Sureste stock opened at $312.41 on Friday. The stock has a market cap of $9.37 billion, a P/E ratio of 15.06, a P/E/G ratio of 8.08 and a beta of 0.77. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $248.88 and a twelve month high of $360.00. The company's 50-day moving average price is $327.03 and its two-hundred day moving average price is $314.97.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share for the quarter, missing the consensus estimate 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, analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

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

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.

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