JPMorgan Chase & Co. Has $68.31 Million Stake in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

JPMorgan Chase & Co. lowered its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,257 shares of the transportation company’s stock after selling 3,079 shares during the period. JPMorgan Chase & Co.’s holdings in Grupo Aeroportuario del Sureste were worth $68,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Schroder Investment Management Group bought a new stake in Grupo Aeroportuario del Sureste during the 3rd quarter worth approximately $33,173,000. Russell Investments Group Ltd. raised its position in Grupo Aeroportuario del Sureste by 0.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 76,267 shares of the transportation company’s stock valued at $24,659,000 after purchasing an additional 369 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Grupo Aeroportuario del Sureste by 8.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 60,363 shares of the transportation company’s stock valued at $19,521,000 after purchasing an additional 4,875 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Grupo Aeroportuario del Sureste by 8.8% in the third quarter. Qube Research & Technologies Ltd now owns 54,889 shares of the transportation company’s stock worth $17,747,000 after purchasing an additional 4,448 shares in the last quarter. Finally, Fisher Funds Management LTD boosted 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 purchasing an additional 4,786 shares in the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ASR. Zacks Research upgraded Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Finally, Wall Street Zen upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Up 1.6%

NYSE:ASR opened at $325.82 on Friday. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 17.70 and a beta of 0.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69. The stock’s fifty day moving average price is $346.55 and its two-hundred day moving average price is $327.18. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $249.21 and a 52-week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its earnings results on Tuesday, February 24th. The transportation company reported $5.03 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.01). The firm had revenue of $636.39 million during the quarter, compared to analyst estimates of $500.58 million. Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%. On average, analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

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.