Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 52-Week Low – Time to Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) shares hit a new 52-week low during trading on Monday . The company traded as low as $255.89 and last traded at $255.90, with a volume of 22585 shares. The stock had previously closed at $257.52.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ASR shares. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a report on Thursday, July 30th. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

The company’s 50-day simple moving average is $277.81 and its 200 day simple moving average is $307.79. The stock has a market cap of $7.52 billion, a P/E ratio of 13.48, a PEG ratio of 1.69 and a beta of 0.48. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The business had revenue of $547.46 million for the quarter, compared to analysts’ expectations of $517.35 million. As a group, sell-side analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings 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 buying an additional 235 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 138 shares during the last quarter. Marshall Wace LLP boosted its stake in Grupo Aeroportuario del Sureste by 119.2% in the second quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock valued at $4,658,000 after acquiring an additional 7,945 shares during the last quarter. Jump Financial LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 2nd quarter valued at approximately $1,432,000. Finally, Qube Research & Technologies Ltd grew its position in shares of Grupo Aeroportuario del Sureste by 1.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock valued at $16,084,000 after acquiring an additional 584 shares during the period. 10.57% of the stock is currently owned by institutional investors.

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.