Redhawk Wealth Advisors Inc. Makes New Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Redhawk Wealth Advisors Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) in the fourth quarter, Holdings Channel reports. The fund bought 2,817 shares of the transportation company’s stock, valued at approximately $911,000.

A number of other hedge funds have also recently made changes to their positions in the stock. State of Wyoming purchased a new stake in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth approximately $46,000. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares during the last quarter. Osaic Holdings Inc. increased its stake in Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 50 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Grupo Aeroportuario del Sureste by 85.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company’s stock worth $64,000 after buying an additional 91 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 249.6% during the third quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company’s stock valued at $157,000 after buying an additional 347 shares during the last quarter. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Trading Down 0.1%

Shares of ASR stock opened at $329.36 on Monday. The company has a current ratio of 2.91, a quick ratio of 2.69 and a debt-to-equity ratio of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12-month low of $249.21 and a 12-month high of $381.52. The stock has a market capitalization of $9.88 billion, a P/E ratio of 17.89 and a beta of 0.53. The firm’s 50 day moving average is $347.44 and its 200 day moving average is $326.77.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its earnings results on Tuesday, February 24th. The transportation company reported $5.03 earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.01). The company had revenue of $608.62 million for the quarter, compared to analysts’ expectations of $500.58 million. Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.42%. Research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. Scotiabank raised Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Finally, Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has a consensus rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste 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.