Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Short Interest Down 44.2% in August

Key Points

• Grupo Aeroportuario del Sureste saw a significant 44.2% decrease in short interest in August, with total short shares falling to 81,400 from 145,800.
• The company announced a special dividend of $8.0427 per share, representing an extraordinary yield of 920.0%, with an ex-dividend date set for September 29.
• AQR Capital Management increased its stake in Grupo Aeroportuario by 126.2%, now owning approximately 309,500 shares valued at $84.3 million.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 81,400 shares, adecreaseof44.2% from the July 31st total of 145,800 shares. Currently,0.3% of the company's shares are short sold. Based on an average trading volume of 89,000 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 89,000 shares, the days-to-cover ratio is currently 0.9 days. Currently,0.3% of the company's shares are short sold.

Grupo Aeroportuario del Sureste Stock Up 0.0%

NYSE ASR traded up $0.12 during trading hours on Monday, reaching $339.17. 71,673 shares of the company's stock were exchanged, compared to its average volume of 85,208. The company's 50-day moving average is $316.73 and its two-hundred day moving average is $305.92. Grupo Aeroportuario del Sureste has a one year low of $248.88 and a one year high of $360.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 8.68 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly 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). Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%.The firm had revenue of $464.62 million for the quarter, compared to analyst estimates of $8.98 billion. On average, analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, May 19th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $310.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently made changes to their positions in ASR. Assetmark Inc. boosted its holdings in shares of Grupo Aeroportuario del Sureste by 494.7% in the 2nd quarter. Assetmark Inc. now owns 113 shares of the transportation company's stock valued at $36,000 after buying an additional 94 shares during the last quarter. Hantz Financial Services Inc. lifted 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 buying an additional 138 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 buying an additional 138 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grupo Aeroportuario del Sureste during the second quarter worth $58,000. Finally, Osaic Holdings Inc. increased its position in shares of Grupo Aeroportuario del Sureste by 38.2% in 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 during the period. Institutional investors and hedge funds own 10.57% of the company's stock.

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.