Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Sees Significant Decrease in Short Interest

Key Points

• Grupo Aeroportuario del Sureste experienced a 35.3% decrease in short interest in September, dropping from 169,200 to 109,400 shares.
• The company reported $3.84 earnings per share in its recent quarterly results, missing analysts' estimates of $5.65 by ($1.81).
• A special dividend of $8.0427 was paid to shareholders on October 10th, with a payout ratio of 146.89%.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 109,400 shares, a drop of 35.3% from the September 15th total of 169,200 shares. Based on an average daily trading volume, of 85,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 85,000 shares, the short-interest ratio is currently 1.3 days.

Grupo Aeroportuario del Sureste Trading Up 1.8%

Shares of NYSE:ASR traded up $5.37 during midday trading on Wednesday, reaching $305.97. The company had a trading volume of 66,654 shares, compared to its average volume of 85,100. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. Grupo Aeroportuario del Sureste has a 1-year low of $248.88 and a 1-year high of $360.00. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 8.27 and a beta of 0.77. The company has a fifty day simple moving average of $325.73 and a two-hundred day simple moving average of $316.42.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share for the quarter, missing analysts' consensus estimates of $5.65 by ($1.81). Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. Research analysts predict that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were given a $8.0427 dividend. The ex-dividend date was Monday, September 29th. Grupo Aeroportuario del Sureste's dividend payout ratio is presently 146.89%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup reissued a "buy" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Zacks Research lowered Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste presently has an average rating of "Hold" and a consensus price target of $310.00.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently modified their holdings of the stock. Ethic Inc. increased its stake in shares of Grupo Aeroportuario del Sureste by 22.7% in the third quarter. Ethic Inc. now owns 1,573 shares of the transportation company's stock worth $509,000 after acquiring an additional 291 shares during the last quarter. Euro Pacific Asset Management LLC boosted its position in Grupo Aeroportuario del Sureste by 47.4% during the third quarter. Euro Pacific Asset Management LLC now owns 1,979 shares of the transportation company's stock valued at $645,000 after purchasing an additional 636 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new position in Grupo Aeroportuario del Sureste in the third quarter valued at about $3,602,000. FCG Investment Co grew its stake in Grupo Aeroportuario del Sureste by 17.8% in the third quarter. FCG Investment Co now owns 3,555 shares of the transportation company's stock valued at $1,149,000 after purchasing an additional 536 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after purchasing an additional 50 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.

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