Wealthquest Corp Makes New $3.98 Million Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

Key Points

• Wealthquest Corp has acquired a new stake in Grupo Aeroportuario del Sureste, purchasing 14,532 shares valued at approximately $3,979,000 during the first quarter.
• Several institutional investors have also adjusted their positions in the company, with Cerity Partners LLC increasing its holdings by 102.5% in the same quarter.
• Analysts from Scotiabank downgraded Grupo Aeroportuario del Sureste from a "sector outperform" to a "sector perform" rating, highlighting changing market perspectives.

Wealthquest Corp acquired a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,532 shares of the transportation company's stock, valued at approximately $3,979,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter worth $61,000. Wells Fargo & Company MN grew its stake in shares of Grupo Aeroportuario del Sureste by 67.5% in the fourth quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock worth $89,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC boosted 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 valued at $120,000 after buying an additional 63 shares in the last quarter. Blue Trust Inc. lifted its stake in 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 acquiring an additional 38 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Grupo Aeroportuario del Sureste in the 1st quarter worth about $207,000. Institutional investors and hedge funds own 10.57% of the company's stock.

Analyst Ratings Changes

Separately, Scotiabank downgraded Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, May 19th.

Grupo Aeroportuario del Sureste Stock Performance

NYSE:ASR traded down $2.59 on Monday, hitting $301.44. The company's stock had a trading volume of 16,991 shares, compared to its average volume of 67,209. The firm has a market capitalization of $9.04 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 7.56 and a beta of 0.79. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. 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 stock has a fifty day moving average of $313.48 and a two-hundred day moving average of $297.50.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $464.62 million for the quarter, compared to analyst estimates of $8.98 billion. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. Research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

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.