Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Stock Price Down 2.9%

Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) dropped 2.9% on Wednesday . The stock traded as low as $270.50 and last traded at $271.04. Approximately 31,838 shares changed hands during trading, a decline of 26% from the average daily volume of 43,249 shares. The stock had previously closed at $279.15.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $274.00.

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

The business has a 50-day simple moving average of $298.25 and a 200 day simple moving average of $311.54. The firm has a market cap of $8.19 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.97 and a current ratio of 3.97.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $9.60 EPS for the quarter, beating analysts’ consensus estimates of $5.64 by $3.96. The business had revenue of $357.51 million during the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 25.99% and a net margin of 49.57%. On average, analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.04 earnings per share for the current fiscal year.

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

The firm also recently declared an annual dividend, which was paid on Monday, July 8th. Shareholders of record on Tuesday, June 25th were given a dividend of $5.597 per share. This represents a yield of 3.3%. The ex-dividend date was Tuesday, June 25th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is 50.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the 4th quarter. Hsbc Holdings PLC now owns 92,230 shares of the transportation company’s stock worth $27,134,000 after acquiring an additional 49,668 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,453 shares of the transportation company’s stock worth $19,300,000 after acquiring an additional 746 shares in the last quarter. 1832 Asset Management L.P. bought a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 2nd quarter worth approximately $14,927,000. BNP Paribas Financial Markets increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 22.5% during the 1st quarter. BNP Paribas Financial Markets now owns 46,061 shares of the transportation company’s stock valued at $14,679,000 after buying an additional 8,462 shares in the last quarter. Finally, Alberta Investment Management Corp increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 83.5% during the 4th quarter. Alberta Investment Management Corp now owns 37,894 shares of the transportation company’s stock valued at $11,151,000 after buying an additional 17,244 shares in the last quarter. Institutional investors own 10.57% of the company’s stock.

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

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.