Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 1-Year High – What’s Next?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $362.93 and last traded at $364.3390, with a volume of 18915 shares trading hands. The stock had previously closed at $350.06.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ASR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective for the company. in a research report on Monday, November 10th. Finally, Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $305.00.

Grupo Aeroportuario del Sureste Trading Up 4.8%

The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47. The stock has a market cap of $11.01 billion, a PE ratio of 19.39 and a beta of 0.56. The firm has a fifty day simple moving average of $322.04 and a two-hundred day simple moving average of $318.52.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Funds Management LTD lifted its stake in Grupo Aeroportuario del Sureste by 13.3% in the third quarter. Fisher Funds Management LTD now owns 40,654 shares of the transportation company’s stock worth $13,145,000 after acquiring an additional 4,786 shares during the period. ABS Direct Equity Fund LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the third quarter valued at approximately $3,602,000. Itau Unibanco Holding S.A. boosted its position in Grupo Aeroportuario del Sureste by 2,425.8% in the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock worth $35,148,000 after purchasing an additional 105,863 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Grupo Aeroportuario del Sureste by 5.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock worth $429,000 after purchasing an additional 72 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in Grupo Aeroportuario del Sureste in the 2nd quarter worth approximately $290,000. 10.57% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.