Hsbc Holdings PLC Acquires 15,112 Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

Hsbc Holdings PLC lifted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,311 shares of the transportation company's stock after acquiring an additional 15,112 shares during the period. Hsbc Holdings PLC owned approximately 0.35% of Grupo Aeroportuario del Sureste, S. A. B. de C. V. worth $27,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at about $221,000. CANADA LIFE ASSURANCE Co boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 3.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 13,717 shares of the transportation company's stock valued at $3,518,000 after purchasing an additional 419 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 27.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 30,700 shares of the transportation company's stock valued at $7,909,000 after purchasing an additional 6,700 shares during the last quarter. Dodge & Cox acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter valued at about $464,000. Finally, Barclays PLC acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter valued at about $721,000. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Performance

Shares of NYSE ASR traded down $2.50 during midday trading on Thursday, reaching $314.05. The company's stock had a trading volume of 5,393 shares, compared to its average volume of 45,669. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 12-month low of $248.88 and a 12-month high of $356.90. The firm has a 50 day moving average price of $279.38 and a 200-day moving average price of $272.64. The stock has a market capitalization of $9.42 billion, a P/E ratio of 11.84, a PEG ratio of 7.16 and a beta of 0.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.65 and a quick ratio of 4.65.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 EPS for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). The company had revenue of $430.05 million during the quarter, compared to the consensus estimate of $462.98 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. As a group, equities analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 28th will be issued a $24.585 dividend. This represents a dividend yield of 8.6%. The ex-dividend date of this dividend is Wednesday, May 28th. This is a boost from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s payout ratio is 40.26%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut their price target on Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a "hold" rating for the company in a research note on Wednesday, February 12th.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

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.