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

Key Points

• Short interest in Grupo Aeroportuario del Sureste increased by 60.3% in August, totaling 130,500 shares, indicating significant bearish sentiment among investors.
• The company announced a special dividend of $8.0427 per share, scheduled to be paid on October 10th, resulting in a high dividend yield of 920.0%.
• Grupo Aeroportuario del Sureste reported earnings per share (EPS) of $3.80 for the last quarter, missing analyst expectations of $6.01, alongside revenue significantly lower than forecasts.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 130,500 shares, an increase of 60.3% from the August 15th total of 81,400 shares. Currently, 0.5% of the company's stock are short sold. Based on an average trading volume of 88,500 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 88,500 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.5% of the company's stock are short sold.

Grupo Aeroportuario del Sureste Stock Performance

ASR stock traded down $1.58 during midday trading on Friday, hitting $336.22. The company's stock had a trading volume of 65,886 shares, compared to its average volume of 93,943. The stock's 50-day moving average price is $321.42 and its 200 day moving average price is $309.84. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. Grupo Aeroportuario del Sureste has a 1 year low of $248.88 and a 1 year high of $360.00. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 8.65 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.01 by ($2.21). The firm had revenue of $464.62 million during the quarter, compared to the consensus estimate of $8.98 billion. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a $8.0427 dividend. The ex-dividend date is Monday, September 29th. This represents a dividend yield of 920.0%. Grupo Aeroportuario del Sureste's payout ratio is presently 111.52%.

Wall Street Analyst Weigh In

Separately, Citigroup restated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $310.00.

Institutional Trading of Grupo Aeroportuario del Sureste

Several hedge funds have recently made changes to their positions in ASR. Northern Trust Corp raised its stake in shares of Grupo Aeroportuario del Sureste by 88.1% in the fourth quarter. Northern Trust Corp now owns 4,316 shares of the transportation company's stock valued at $1,112,000 after buying an additional 2,021 shares during the period. Jane Street Group LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter valued at $253,000. Bank of America Corp DE raised its stake in shares of Grupo Aeroportuario del Sureste by 27.2% during the 4th quarter. Bank of America Corp DE now owns 13,862 shares of the transportation company's stock valued at $3,571,000 after purchasing an additional 2,964 shares during the period. Citadel Advisors LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at $742,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at $1,346,000. 10.57% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Sureste

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.