Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Announces Earnings Results

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) announced its quarterly earnings results on Tuesday. The transportation company reported $5.73 earnings per share for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27, reports. The company had revenue of $395.80 million for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 49.57% and a return on equity of 25.99%.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Up 0.1 %

Shares of ASR stock opened at $267.20 on Friday. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.20. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a fifty-two week low of $203.77 and a fifty-two week high of $357.90. The firm’s 50 day moving average price is $276.95 and its two-hundred day moving average price is $302.46. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.25 and a beta of 1.12.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Large investors have recently made changes to their positions in the business. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 2nd quarter valued at $14,927,000. Sei Investments Co. boosted its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 337.4% during the 2nd quarter. Sei Investments Co. now owns 26,694 shares of the transportation company’s stock worth $7,995,000 after purchasing an additional 20,591 shares during the period. Marshall Wace LLP boosted its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 99.7% during the 2nd quarter. Marshall Wace LLP now owns 32,377 shares of the transportation company’s stock worth $9,698,000 after purchasing an additional 16,163 shares during the period. BNP Paribas Financial Markets boosted 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 worth $14,679,000 after purchasing an additional 8,462 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 181.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,100 shares of the transportation company’s stock worth $988,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

Analysts Set New Price Targets

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 Thursday, September 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $274.00.

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.