William Blair Investment Management LLC Decreases Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• William Blair Investment Management LLC reduced its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 9.5%, owning approximately 0.15% of the company after selling shares, now valued at around $14.2 million.
• Brokerages have varied opinions on ASR, with Zacks Research downgrading the stock to a "strong sell," while Citigroup maintained a "buy" rating; the consensus rating is currently a "hold" with an average price target of $310.00.
• Grupo Aeroportuario del Sureste announced a special dividend of $8.0427 per share, indicating a high payout ratio of 146.89% relative to its earnings.

William Blair Investment Management LLC decreased its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 9.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,528 shares of the transportation company's stock after selling 4,686 shares during the period. William Blair Investment Management LLC owned about 0.15% of Grupo Aeroportuario del Sureste worth $14,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ASR. Parallel Advisors LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 26.1% in the second quarter. Parallel Advisors LLC now owns 324 shares of the transportation company's stock worth $103,000 after purchasing an additional 67 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 16.8% in the first quarter. Signaturefd LLC now owns 438 shares of the transportation company's stock worth $120,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 7.8% in the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock worth $143,000 after purchasing an additional 38 shares during the last quarter. US Bancorp DE grew its holdings in shares of Grupo Aeroportuario del Sureste by 4.4% in the first quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after purchasing an additional 31 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Grupo Aeroportuario del Sureste in the first quarter worth approximately $207,000. Institutional investors own 10.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASR. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. Citigroup restated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Grupo Aeroportuario del Sureste has a consensus rating of "Hold" and an average price target of $310.00.

Grupo Aeroportuario del Sureste Trading Down 0.0%

Shares of ASR opened at $303.69 on Monday. The firm's 50-day moving average price is $326.78 and its 200-day moving average price is $316.38. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 8.36 and a beta of 0.78. 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 1-year low of $248.88 and a 1-year high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share for the quarter, missing analysts' consensus estimates of $6.01 by ($2.21). The company had revenue of $464.62 million for 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%. Sell-side analysts anticipate 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. Stockholders of record on Monday, September 29th were issued a dividend of $8.0427 per share. The ex-dividend date was Monday, September 29th. Grupo Aeroportuario del Sureste's payout ratio is 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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