Grupo Aeroportuario del Sureste (NYSE:ASR) Sets New 52-Week High – Time to Buy?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) shares reached a new 52-week high on Monday . The company traded as high as $374.43 and last traded at $370.5650, with a volume of 8365 shares trading hands. The stock had previously closed at $367.92.

Analyst Upgrades and Downgrades

ASR has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th. 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 report on Monday, November 10th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $305.00.

Grupo Aeroportuario del Sureste Trading Down 0.2%

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 firm has a 50-day moving average price of $326.85 and a 200-day moving average price of $320.09. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 19.52 and a beta of 0.56.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. grew its stake in shares of Grupo Aeroportuario del Sureste by 2,425.8% in the 2nd 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. Schroder Investment Management Group bought a new stake in Grupo Aeroportuario del Sureste during the third quarter worth approximately $33,173,000. Robeco Institutional Asset Management B.V. boosted its holdings in Grupo Aeroportuario del Sureste by 9.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 87,258 shares of the transportation company’s stock worth $28,219,000 after buying an additional 7,504 shares in the last quarter. Russell Investments Group Ltd. grew its position in Grupo Aeroportuario del Sureste by 0.5% in the third quarter. Russell Investments Group Ltd. now owns 76,267 shares of the transportation company’s stock worth $24,659,000 after buying an additional 369 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Grupo Aeroportuario del Sureste by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 60,363 shares of the transportation company’s stock valued at $19,521,000 after buying an additional 4,875 shares in the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

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.