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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ASR. Headlands Technologies LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at about $61,000. Wells Fargo & Company MN raised its position in shares of Grupo Aeroportuario del Sureste by 67.5% in 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 in the last quarter. Signaturefd LLC raised its position 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 acquiring an additional 63 shares in the last quarter. Blue Trust Inc. raised its position 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 acquiring an additional 38 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 approximately $207,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Stock Up 0.4%

Shares of Grupo Aeroportuario del Sureste stock traded up $1.23 during midday trading on Friday, hitting $304.54. The company had a trading volume of 29,002 shares, compared to its average volume of 75,482. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The stock has a market capitalization of $9.14 billion, a P/E ratio of 14.68, a P/E/G ratio of 7.55 and a beta of 0.79. The company has a 50 day moving average of $313.48 and a 200 day moving average of $297.10. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $248.88 and a 52-week high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted 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 analysts' expectations of $8.98 billion. Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%. On average, equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Grupo Aeroportuario del Sureste Company 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.