Wealthquest Corp Acquires New Position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

Wealthquest Corp purchased a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,532 shares of the transportation company's stock, valued at approximately $3,979,000. Grupo Aeroportuario del Sureste accounts for about 0.4% of Wealthquest Corp's holdings, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 16.4% in the fourth quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company's stock worth $35,256,000 after buying an additional 19,302 shares during the period. Proficio Capital Partners LLC acquired a new position in Grupo Aeroportuario del Sureste during the 4th quarter worth approximately $4,646,000. Arrowstreet Capital Limited Partnership purchased a new position in Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $4,187,000. Hsbc Holdings PLC grew its position in Grupo Aeroportuario del Sureste by 16.6% in the fourth quarter. Hsbc Holdings PLC now owns 106,311 shares of the transportation company's stock valued at $27,389,000 after acquiring an additional 15,112 shares in the last quarter. Finally, Millennium Management LLC grew its position in Grupo Aeroportuario del Sureste by 159.1% in the fourth quarter. Millennium Management LLC now owns 17,553 shares of the transportation company's stock valued at $4,522,000 after acquiring an additional 10,778 shares in the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut shares of 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 Stock Up 1.0%

Shares of Grupo Aeroportuario del Sureste stock traded up $3.10 during trading hours on Thursday, hitting $313.05. 158,313 shares of the company's stock traded hands, compared to its average volume of 53,240. 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 has a market cap of $9.39 billion, a PE ratio of 11.79, a PEG ratio of 7.70 and a beta of 0.76. 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 50 day simple moving average of $320.79 and a 200-day simple moving average of $288.56.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). Grupo Aeroportuario del Sureste had a net margin of 50.07% and a return on equity of 25.70%. The business had revenue of $430.05 million for the quarter, compared to analyst estimates of $462.98 million. Equities research analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were given a dividend of $24.585 per share. The ex-dividend date was Wednesday, May 28th. This represents a dividend yield of 8.6%. This is an increase from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is presently 87.16%.

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.