The Manufacturers Life Insurance Company Acquires 791 Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

The Manufacturers Life Insurance Company increased its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,680 shares of the transportation company's stock after acquiring an additional 791 shares during the period. The Manufacturers Life Insurance Company's holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aquatic Capital Management LLC grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 13.5% in the 4th quarter. Aquatic Capital Management LLC now owns 1,362 shares of the transportation company's stock worth $351,000 after acquiring an additional 162 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth $696,000. Two Sigma Securities LLC bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth $208,000. Hsbc Holdings PLC grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.6% in the 4th quarter. Hsbc Holdings PLC now owns 106,311 shares of the transportation company's stock worth $27,389,000 after acquiring an additional 15,112 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth $221,000. Institutional investors own 10.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ASR shares. Scotiabank lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "sector outperform" rating to a "sector perform" rating in a report on Monday. Jefferies Financial Group dropped their target price on shares of 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 report on Wednesday, February 12th.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 1.3%

NYSE:ASR opened at $345.31 on Thursday. The firm has a market cap of $10.36 billion, a P/E ratio of 13.02, a P/E/G ratio of 7.16 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.65 and a current ratio of 4.65. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a fifty-two week low of $248.88 and a fifty-two week high of $352.29. The firm has a 50-day simple moving average of $299.37 and a two-hundred day simple moving average of $278.76.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last announced 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%. Analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current fiscal year.

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

The company also recently declared an annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $24.585 per share. The ex-dividend date is Wednesday, May 28th. This represents a yield of 8.6%. This is an increase 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 currently 83.31%.

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