Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 1-Year Low - Should You Sell?

Key Points

• ASR fell to a new 52-week low of $226.19, well below its 50-day and 200-day moving averages of $255.73 and $288.76, respectively.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Sell; the overall consensus is Hold with a $324.50 price target.
• The company missed quarterly earnings expectations, reporting $4.38 per share versus the $4.92 consensus, although revenue of $547.46 million exceeded estimates. Institutional investors own 10.57% of the stock.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $226.19 and last traded at $226.7370, with a volume of 17388 shares. The stock had previously closed at $230.67.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ASR shares. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a research report on Monday, September 7th. HSBC upgraded Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price target for the company in a report on Thursday, July 30th. Weiss Ratings cut Grupo Aeroportuario del Sureste from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. UBS Group raised shares of Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Stock Down 1.2%

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.59 and a beta of 0.52. The firm has a 50-day moving average price of $255.73 and a two-hundred day moving average price of $288.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share for the quarter, missing analysts' consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%.The firm had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Sureste

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC increased its holdings in shares of Grupo Aeroportuario del Sureste by 151.5% during the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company's stock worth $21,346,000 after acquiring an additional 38,255 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Grupo Aeroportuario del Sureste by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company's stock valued at $10,292,000 after purchasing an additional 4,743 shares during the period. Empowered Funds LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth about $7,687,000. Empirical Finance LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth about $7,687,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of Grupo Aeroportuario del Sureste by 757.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 10,986 shares of the transportation company's stock worth $3,693,000 after buying an additional 9,705 shares during the period. 10.57% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. NYSE: ASR, commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country's major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.

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