Grupo Aeroportuario del Sureste (NYSE:ASR) Sees Large Volume Increase - Here's Why

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 53,193 shares changed 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.

Analyst Upgrades and Downgrades

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 Price Performance

The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. The company has a market cap of $9.24 billion, a PE ratio of 11.60, a P/E/G ratio of 7.84 and a beta of 0.74. The firm has a 50 day moving average of $322.69 and a two-hundred day moving average of $292.46.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). The company had revenue of $430.05 million during the quarter, compared to analysts' expectations of $462.98 million. Grupo Aeroportuario del Sureste had a return on equity of 25.70% and a net margin of 50.07%. Research analysts predict 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 company also recently declared an annual dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were paid a $24.585 dividend. This is an increase from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. This represents a dividend yield of 8.6%. The ex-dividend date was Wednesday, May 28th. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is 87.16%.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

A number of institutional investors have recently bought and sold shares of ASR. Headlands Technologies LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter worth about $61,000. Wells Fargo & Company MN boosted its position in shares of Grupo Aeroportuario del Sureste by 67.5% during the fourth quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock valued at $89,000 after buying an additional 139 shares during the period. Parallel Advisors LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 26.1% during the second quarter. Parallel Advisors LLC now owns 324 shares of the transportation company's stock valued at $103,000 after buying an additional 67 shares during the period. Signaturefd LLC raised its stake in shares of 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 acquiring an additional 63 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Grupo Aeroportuario del Sureste by 7.8% during the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock valued at $143,000 after acquiring an additional 38 shares in the last quarter. 10.57% of the stock is owned by institutional investors.

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.