Grupo Aeroportuario del Sureste (NYSE:ASR) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Grupo Aeroportuario del Sureste shares have crossed above their 200-day moving average, trading at $335.12, with a volume of 169,509 shares on Wednesday.
• Analysts maintain an average rating of "Hold" for the stock, with a price target of $310. Citigroup has issued a "buy" rating.
• The company announced a special dividend of $8.0427 per share, yielding approximately 920.0%, with the payment date set for October 10th.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $308.85 and traded as high as $341.10. Grupo Aeroportuario del Sureste shares last traded at $335.12, with a volume of 169,509 shares.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a "buy" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste presently has a consensus rating of "Hold" and an average target price of $310.00.

Grupo Aeroportuario del Sureste Stock Down 0.5%

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 firm has a market cap of $10.09 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 8.60 and a beta of 0.76. The stock has a fifty day simple moving average of $321.42 and a two-hundred day simple moving average of $310.42.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted 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 analysts' expectations of $8.98 billion. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. As a group, sell-side analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a dividend of $8.0427 per share. This represents a yield of 920.0%. The ex-dividend date of this dividend is Monday, September 29th. Grupo Aeroportuario del Sureste's payout ratio is presently 111.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 494.7% during the second quarter. Assetmark Inc. now owns 113 shares of the transportation company's stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 13,800.0% during the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company's stock worth $44,000 after purchasing an additional 138 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock worth $50,000 after purchasing an additional 138 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Grupo Aeroportuario del Sureste during the second quarter worth about $58,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock worth $58,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

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.