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

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) saw strong trading volume on Monday . 63,845 shares changed hands during trading, an increase of 24% from the previous session's volume of 51,634 shares.The stock last traded at $301.38 and had previously closed at $300.91.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded 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%

The company has a 50-day moving average price of $321.26 and a 200 day moving average price of $288.90. The firm has a market capitalization of $9.39 billion, a PE ratio of 11.79, a P/E/G ratio of 7.79 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $5.74 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $462.98 million. Analysts forecast 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 firm also recently disclosed an annual dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were given a $24.585 dividend. This represents a dividend yield of 8.6%. This is an increase from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. The ex-dividend date of this dividend was Wednesday, May 28th. Grupo Aeroportuario del Sureste's payout ratio is presently 87.16%.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently made changes to their positions in ASR. Headlands Technologies LLC purchased a new position in shares of Grupo Aeroportuario del Sureste in the fourth quarter valued at about $61,000. Wells Fargo & Company MN lifted its position in shares of Grupo Aeroportuario del Sureste by 67.5% in the fourth quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock worth $89,000 after buying an additional 139 shares in the last quarter. Signaturefd LLC lifted its position 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 buying an additional 63 shares in the last quarter. Blue Trust Inc. lifted its position 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 buying an additional 38 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Grupo Aeroportuario del Sureste by 7.2% in the fourth quarter. US Bancorp DE now owns 699 shares of the transportation company's stock worth $180,000 after buying an additional 47 shares in the last quarter. 10.57% of the stock is currently owned by hedge funds and other 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.