Grupo Aeroportuario del Sureste (NYSE:ASR) Sees Unusually-High Trading Volume - Here's What Happened

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) shares saw strong trading volume on Wednesday . 53,193 shares traded hands during mid-day trading, a decline of 1% from the previous session's volume of 53,661 shares.The stock last traded at $307.74 and had previously closed at $305.79.

Analysts Set New Price Targets

Separately, Scotiabank downgraded 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 Down 1.2%

The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 7.64 and a beta of 0.74. The business's 50-day moving average is $322.87 and its two-hundred day moving average is $291.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16.

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

Grupo Aeroportuario del Sureste Increases Dividend

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

Institutional Trading of Grupo Aeroportuario del Sureste

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Grupo Aeroportuario del Sureste by 26.1% during the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company's stock worth $103,000 after buying an additional 67 shares during the period. AQR Capital Management LLC raised its holdings in Grupo Aeroportuario del Sureste by 126.2% during the 1st quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company's stock worth $84,339,000 after buying an additional 172,654 shares during the period. Royal Bank of Canada raised its holdings in Grupo Aeroportuario del Sureste by 6.3% during the 1st quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company's stock worth $1,083,000 after buying an additional 235 shares during the period. Canada Pension Plan Investment Board raised its holdings in Grupo Aeroportuario del Sureste by 41.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 43,360 shares of the transportation company's stock worth $11,873,000 after buying an additional 12,660 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 8.2% in the first quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company's stock valued at $31,498,000 after purchasing an additional 8,717 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

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.