Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Sees Unusually-High Trading Volume - Here's Why

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) saw an uptick in trading volume on Thursday . 155,158 shares were traded during mid-day trading, an increase of 209% from the previous session's volume of 50,250 shares.The stock last traded at $319.30 and had previously closed at $321.49.

Wall Street Analysts Forecast Growth

Separately, Scotiabank downgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, May 19th.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 4.65 and a quick ratio of 4.65. The stock's fifty day moving average is $314.08 and its 200-day moving average is $285.69. The stock has a market capitalization of $9.49 billion, a P/E ratio of 11.92, a PEG ratio of 7.16 and a beta of 0.76.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 50.08% and a return on equity of 26.25%. The business had revenue of $430.05 million during the quarter, compared to analyst estimates of $462.98 million. On average, equities analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were paid a dividend of $24.585 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This is a boost from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60. This represents a yield of 8.6%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s dividend payout ratio is presently 87.16%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 126.2% during the 1st quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company's stock valued at $84,339,000 after buying an additional 172,654 shares during the last quarter. Nuveen LLC purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the first quarter valued at $44,197,000. Fisher Funds Management LTD bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter valued at about $13,464,000. Proficio Capital Partners LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter valued at approximately $4,646,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter valued at $4,187,000. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. 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.