Capital Innovations LLC Makes New Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Capital Innovations LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) in the 4th quarter, HoldingsChannel.com reports. The fund bought 9,701 shares of the transportation company’s stock, valued at approximately $3,137,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in Grupo Aeroportuario del Sureste during the third quarter worth $46,000. EverSource Wealth Advisors LLC increased its stake in Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after acquiring an additional 138 shares during the last quarter. Osaic Holdings Inc. increased its stake in Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after acquiring an additional 50 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Aeroportuario del Sureste by 85.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company’s stock worth $64,000 after acquiring an additional 91 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in 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 worth $157,000 after acquiring an additional 347 shares during the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Trading Up 2.4%

Shares of NYSE ASR opened at $303.86 on Wednesday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $291.73 and a twelve month high of $381.52. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $320.57 and a 200-day simple moving average of $327.32. The stock has a market capitalization of $9.12 billion, a PE ratio of 16.87, a PEG ratio of 2.43 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%.The business had revenue of $495.15 million during the quarter. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th will be paid a $5.7572 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is presently 110.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. Finally, Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste has an average 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.