Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Short Interest Update

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 95,400 shares, a decline of 24.9% from the May 15th total of 127,000 shares. Based on an average trading volume of 65,700 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Scotiabank lowered Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, May 19th.

Grupo Aeroportuario del Sureste Trading Down 1.0%

Grupo Aeroportuario del Sureste stock opened at $309.86 on Wednesday. Grupo Aeroportuario del Sureste has a 1 year low of $248.88 and a 1 year high of $360.00. The firm's 50-day moving average is $317.29 and its 200-day moving average is $286.93. 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 cap of $9.30 billion, a P/E ratio of 11.67, a PEG ratio of 7.87 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). Grupo Aeroportuario del Sureste had a return on equity of 25.70% and a net margin of 50.07%. The business had revenue of $430.05 million during the quarter, compared to the consensus estimate of $462.98 million. On average, equities analysts expect that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were issued a $24.585 dividend. This is an increase from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. The ex-dividend date was Wednesday, May 28th. This represents a dividend yield of 8.6%. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is 87.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASR. Ativo Capital Management LLC acquired a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at about $1,317,000. Fisher Funds Management LTD bought a new stake in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $13,464,000. Bank of New York Mellon Corp boosted its position in shares of Grupo Aeroportuario del Sureste by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 28,305 shares of the transportation company's stock worth $7,292,000 after buying an additional 186 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter worth approximately $4,646,000. Finally, US Bancorp DE grew its holdings in Grupo Aeroportuario del Sureste by 7.2% in the 4th quarter. US Bancorp DE now owns 699 shares of the transportation company's stock worth $180,000 after buying an additional 47 shares in the last quarter. 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.

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