Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 12-Month Low – Here’s What Happened

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $275.00 and last traded at $275.3880, with a volume of 29236 shares. The stock had previously closed at $278.13.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ASR shares. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Wall Street Zen cut shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $300.00.

Grupo Aeroportuario del Sureste Trading Down 1.0%

The business has a 50-day moving average of $314.93 and a 200-day moving average of $326.75. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.28 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results 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 company had revenue of $495.15 million for the quarter. As a group, research 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 Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 27th were issued a $5.7572 dividend. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is currently 110.33%.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of institutional investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group acquired a new position in shares of Grupo Aeroportuario del Sureste during the 3rd quarter worth $33,173,000. Aberdeen Group plc acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at $2,938,000. SG Americas Securities LLC boosted its holdings in Grupo Aeroportuario del Sureste by 480.7% in the fourth quarter. SG Americas Securities LLC now owns 7,514 shares of the transportation company’s stock worth $2,430,000 after purchasing an additional 6,220 shares in the last quarter. LRT Capital Management LLC increased its position in Grupo Aeroportuario del Sureste by 117.7% during the third quarter. LRT Capital Management LLC now owns 6,079 shares of the transportation company’s stock worth $1,965,000 after buying an additional 3,287 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Grupo Aeroportuario del Sureste by 9.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 87,258 shares of the transportation company’s stock worth $28,219,000 after buying an additional 7,504 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

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.