IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 2,834 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 44.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,582 shares of the transportation company’s stock after selling 2,834 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Grupo Aeroportuario del Sureste were worth $1,158,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Grupo Aeroportuario del Sureste by 6.3% during the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock worth $1,083,000 after purchasing an additional 235 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste during the 2nd quarter worth $335,000. Blue Trust Inc. lifted its position in shares of Grupo Aeroportuario del Sureste by 50.0% during the 2nd quarter. Blue Trust Inc. now owns 786 shares of the transportation company’s stock worth $251,000 after buying an additional 262 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Grupo Aeroportuario del Sureste by 5.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock valued at $429,000 after buying an additional 72 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Grupo Aeroportuario del Sureste in the second quarter valued at about $259,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. Morgan Stanley lowered shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a research report on Monday, November 10th. Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $305.00.

Grupo Aeroportuario del Sureste Trading Up 2.0%

Shares of NYSE ASR opened at $368.05 on Friday. The firm has a 50 day moving average price of $326.85 and a two-hundred day moving average price of $319.88. The stock has a market cap of $11.04 billion, a P/E ratio of 19.51 and a beta of 0.56. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $249.21 and a 52-week high of $372.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69.

Grupo Aeroportuario del Sureste Company Profile

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.