Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Shares Gap Down to $279.70

Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at $279.70, but opened at $272.16. Grupo Aeroportuario del Sureste, S. A. B. de C. V. shares last traded at $279.95, with a volume of 4,484 shares.

Analyst Ratings Changes

ASR has been the subject of a number of recent analyst reports. Barclays upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “underweight” rating to an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “overweight” rating to a “neutral” rating in a research report on Thursday, March 30th. The Goldman Sachs Group increased their target price on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $215.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, March 3rd. Finally, StockNews.com initiated coverage on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in a research report on Thursday, May 18th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $255.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 0.5 %

The business’s 50-day moving average price is $292.38 and its 200-day moving average price is $272.96. The company has a quick ratio of 3.24, a current ratio of 3.25 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.43 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 3.14 and a beta of 1.08.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The transportation company reported $4.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.35). The company had revenue of $369.64 million during the quarter, compared to analysts’ expectations of $364.55 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 22.41% and a net margin of 39.70%. As a group, equities research analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 20.44 EPS for the current fiscal year.

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

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be given a dividend of $5.6528 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 26th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is presently 39.15%.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASR. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the first quarter valued at approximately $26,000. Atlas Capital Advisors LLC grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 55.7% in the third quarter. Atlas Capital Advisors LLC now owns 151 shares of the transportation company’s stock worth $30,000 after acquiring an additional 54 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the fourth quarter worth $40,000. Pacer Advisors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the fourth quarter worth $85,000. Finally, Ronald Blue Trust Inc. grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 85.4% in the first quarter. Ronald Blue Trust Inc. now owns 367 shares of the transportation company’s stock worth $85,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 15.66% of the company’s stock.

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

(Get Rating)

Grupo Aeroportuario del Sureste SA de CV is a holding company, which engages in the operation, maintenance, and development of airports It operates through the following segments: Cancun, Aerostar, Airplan, Villahermosa, Merida, Holding and Services, and Other. The company was founded in 1996 and is headquartered in Mexico City, Mexico.