Short Interest in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Declines By 24.9%

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

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its position in Grupo Aeroportuario del Sureste by 88.1% during the 4th quarter. Northern Trust Corp now owns 4,316 shares of the transportation company's stock valued at $1,112,000 after purchasing an additional 2,021 shares during the last quarter. AGF Management Ltd. bought a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at approximately $827,000. Citadel Advisors LLC bought a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at approximately $742,000. Fisher Funds Management LTD bought a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at approximately $13,464,000. Finally, Malaga Cove Capital LLC raised its position in Grupo Aeroportuario del Sureste by 118.5% during the 4th quarter. Malaga Cove Capital LLC now owns 1,617 shares of the transportation company's stock valued at $417,000 after purchasing an additional 877 shares during the last quarter. Institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Trading Down 1.8%

Shares of NYSE ASR traded down $5.43 during midday trading on Friday, reaching $301.28. The company had a trading volume of 89,742 shares, compared to its average volume of 51,442. Grupo Aeroportuario del Sureste has a one year low of $248.88 and a one year high of $360.00. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average price is $319.37 and its 200-day moving average price is $287.89. The stock has a market cap of $9.04 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 7.56 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released 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 had a net margin of 50.07% and a return on equity of 25.70%. The company had revenue of $430.05 million during the quarter, compared to the consensus estimate of $462.98 million. On average, equities research analysts anticipate 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 announced an annual dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were paid a $24.585 dividend. This represents a dividend yield of 8.6%. The ex-dividend date was Wednesday, May 28th. This is a positive change from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. Grupo Aeroportuario del Sureste's payout ratio is 87.16%.

Analyst Upgrades and Downgrades

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

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.