Grupo Aeroportuario del Sureste (NYSE:ASR) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) saw unusually-strong trading volume on Monday . Approximately 158,891 shares changed hands during mid-day trading, an increase of 157% from the previous session’s volume of 61,848 shares.The stock last traded at $327.6150 and had previously closed at $317.27.

Analysts Set New Price Targets

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

Grupo Aeroportuario del Sureste Trading Up 3.0%

The firm’s 50 day moving average is $346.83 and its 200 day moving average is $327.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.69 and a quick ratio of 2.69. The company has a market capitalization of $9.80 billion, a PE ratio of 17.71 and a beta of 0.53.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $5.03 earnings per share for the quarter, missing the consensus estimate of $5.04 by ($0.01). Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%. The firm had revenue of $636.39 million for the quarter, compared to analysts’ expectations of $500.58 million. As a group, equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC increased its holdings in Grupo Aeroportuario del Sureste by 13.8% during the 4th quarter. Corient Private Wealth LLC now owns 1,472 shares of the transportation company’s stock valued at $476,000 after purchasing an additional 179 shares during the period. Compound Planning Inc. lifted its stake in Grupo Aeroportuario del Sureste by 4.3% in the fourth quarter. Compound Planning Inc. now owns 704 shares of the transportation company’s stock worth $228,000 after acquiring an additional 29 shares during the period. Invesco Ltd. raised its holdings in Grupo Aeroportuario del Sureste by 30.6% in the 4th quarter. Invesco Ltd. now owns 4,054 shares of the transportation company’s stock worth $1,311,000 after purchasing an additional 951 shares in the last quarter. Mackenzie Financial Corp raised its stake in Grupo Aeroportuario del Sureste by 29.5% in the fourth quarter. Mackenzie Financial Corp now owns 16,429 shares of the transportation company’s stock worth $5,313,000 after buying an additional 3,742 shares in the last quarter. Finally, Pillsbury Lake Capital LLC purchased a new stake in Grupo Aeroportuario del Sureste in the fourth quarter worth about $6,483,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

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.