Grupo Aeroportuario del Sureste (NYSE:ASR) Releases Earnings Results

Grupo Aeroportuario del Sureste (NYSE:ASR) issued its earnings results on Tuesday. The transportation company reported $5.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($0.01), Zacks reports. The company had revenue of $636.39 million for the quarter, compared to the consensus estimate of $500.58 million. Grupo Aeroportuario del Sureste had a return on equity of 21.10% and a net margin of 27.93%.

Grupo Aeroportuario del Sureste Stock Performance

Shares of NYSE ASR traded up $2.03 during mid-day trading on Thursday, hitting $368.38. The company had a trading volume of 8,861 shares, compared to its average volume of 57,625. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47. Grupo Aeroportuario del Sureste has a 1 year low of $249.21 and a 1 year high of $381.52. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 20.04 and a beta of 0.56. The stock’s 50-day moving average price is $343.39 and its 200-day moving average price is $325.99.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter worth about $35,000. Atlas Capital Advisors Inc. bought a new stake in Grupo Aeroportuario del Sureste during the 4th quarter worth approximately $49,000. EverSource Wealth Advisors LLC increased its holdings 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 worth $50,000 after acquiring an additional 138 shares during the period. Osaic Holdings Inc. lifted its stake in Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Grupo Aeroportuario del Sureste by 195.1% in the 4th quarter. State of Wyoming now owns 419 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 277 shares during the period. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Analysts Set New Price Targets

ASR has been the subject of a number of research reports. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. Morgan Stanley cut Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a research note on Monday, November 10th. Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has a consensus rating of “Hold” and an average price target of $300.00.

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.