Forsta AP Fonden raised its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 787.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,500 shares of the transportation company’s stock after buying an additional 24,400 shares during the period. Forsta AP Fonden’s holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. were worth $5,786,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.3% in the first quarter. Comerica Bank now owns 1,588 shares of the transportation company’s stock worth $298,000 after buying an additional 21 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 0.3% in the first quarter. BNP Paribas Arbitrage SA now owns 12,036 shares of the transportation company’s stock worth $2,085,000 after buying an additional 40 shares in the last quarter. Capital Innovations LLC boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.8% in the first quarter. Capital Innovations LLC now owns 2,323 shares of the transportation company’s stock worth $402,000 after buying an additional 40 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 3.8% in the first quarter. Eqis Capital Management Inc. now owns 2,649 shares of the transportation company’s stock worth $459,000 after buying an additional 97 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 22.4% in the fourth quarter. Guggenheim Capital LLC now owns 2,178 shares of the transportation company’s stock worth $313,000 after buying an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 33.14% of the company’s stock.
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE ASR) opened at 218.37 on Wednesday. The firm’s 50-day moving average is $209.63 and its 200-day moving average is $180.09. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $131.72 and a 52 week high of $229.45. The company has a market cap of $65.51 billion, a PE ratio of 267.61 and a beta of 0.56.
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last announced its earnings results on Thursday, July 20th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.10. Grupo Aeroportuario del Sureste, S.A. de C.V. had a net margin of 39.61% and a return on equity of 18.02%. The firm had revenue of $158.17 million for the quarter. On average, analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $7.35 EPS for the current fiscal year.
The firm also recently announced an annual dividend, which was paid on Monday, June 26th. Shareholders of record on Thursday, June 15th were given a dividend of $3.3588 per share. This represents a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 13th. This is a positive change from Grupo Aeroportuario del Sureste, S.A. de C.V.’s previous annual dividend of $2.70. Grupo Aeroportuario del Sureste, S.A. de C.V.’s dividend payout ratio is presently 40.88%.
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A number of brokerages have commented on ASR. UBS AG cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 17th. J P Morgan Chase & Co cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “neutral” rating to an “underweight” rating in a research note on Friday, May 12th. BidaskClub cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Monday. Morgan Stanley cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “hold” rating to a “strong-buy” rating and set a $216.00 price target for the company in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $183.50.
Grupo Aeroportuario del Sureste, S.A. de C.V. Company Profile
Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.
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