Grupo Aeroportuario del Sureste (NYSE:ASR) Director Anton Jose Antonio Perez Purchases 1,875 Shares of Stock

Key Points

• Director Anton Jose Antonio Perez bought 1,875 shares for about $497,644 at an average price of $265.41, establishing a directly held position of 1,875 shares.
• Quarterly results were mixed: earnings per share of $3.98 missed analysts’ $4.38 estimate, while revenue of $576.34 million exceeded the $527.02 million consensus.
• The company announced a special dividend of $5.3688 per share, payable December 10 to shareholders of record November 27.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) Director Anton Jose Antonio Perez acquired 1,875 shares of the company's stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average price of $265.41 per share, with a total value of $497,643.75. Following the acquisition, the director directly owned 1,875 shares of the company's stock, valued at $497,643.75. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR opened at $272.10 on Friday. The stock has a market cap of $8.16 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 2.20 and a beta of 0.49. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1 year low of $226.19 and a 1 year high of $381.52. The stock's 50-day moving average price is $247.77 and its two-hundred day moving average price is $295.13. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a net margin of 25.10% and a return on equity of 20.94%. The firm had revenue of $576.34 million during the quarter, compared to analyst estimates of $527.02 million. On average, equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.32 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 27th will be paid a dividend of $5.3688 per share. The ex-dividend date of this dividend is Friday, November 27th. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is presently 66.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. HSBC upgraded Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price objective on the stock in a report on Thursday, July 30th. Weiss Ratings raised shares of Grupo Aeroportuario del Sureste from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, October 26th. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste has an average rating of "Hold" and a consensus target price of $349.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State of Wyoming bought a new position in Grupo Aeroportuario del Sureste during the third quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter valued at approximately $61,000. Parallel Advisors LLC lifted its position in shares of Grupo Aeroportuario del Sureste by 42.1% in the first quarter. Parallel Advisors LLC now owns 422 shares of the transportation company's stock valued at $142,000 after buying an additional 125 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $220,000. Finally, Alamar Capital Management LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $235,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.

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