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

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 decline in short interest in August. As of August 15th, there was short interest totaling 81,400 shares, a decline of 44.2% from the July 31st total of 145,800 shares. Approximately 0.3% of the company's shares are sold short. Based on an average trading volume of 89,000 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 89,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company's shares are sold short.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors have recently added to or reduced their stakes in ASR. AQR Capital Management LLC lifted its stake in Grupo Aeroportuario del Sureste by 126.2% during the first quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company's stock worth $84,339,000 after purchasing an additional 172,654 shares during the last quarter. Nuveen LLC purchased a new stake in Grupo Aeroportuario del Sureste during the first quarter worth approximately $44,197,000. Itau Unibanco Holding S.A. lifted its stake in Grupo Aeroportuario del Sureste by 2,425.8% during the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company's stock worth $35,148,000 after purchasing an additional 105,863 shares during the last quarter. Jane Street Group LLC purchased a new stake in Grupo Aeroportuario del Sureste during the second quarter worth approximately $7,310,000. Finally, Wealthquest Corp purchased a new stake in Grupo Aeroportuario del Sureste during the first quarter worth approximately $3,979,000. Hedge funds and other institutional investors own 10.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ASR shares. Citigroup reaffirmed a "buy" rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday. Scotiabank cut Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste has an average rating of "Hold" and an average target price of $310.00.

Grupo Aeroportuario del Sureste Stock Up 2.9%

Shares of ASR traded up $9.78 during midday trading on Thursday, hitting $346.73. The company had a trading volume of 82,191 shares, compared to its average volume of 86,515. The company's 50-day simple moving average is $318.03 and its 200-day simple moving average is $306.91. 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 firm has a market capitalization of $10.40 billion, a P/E ratio of 16.71, a P/E/G ratio of 8.63 and a beta of 0.76. Grupo Aeroportuario del Sureste has a 1 year low of $248.88 and a 1 year high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.01 by ($2.21). The company had revenue of $464.62 million during 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 will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

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

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.