Cannell Capital LLC Acquires 13,953 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Cannell Capital LLC raised its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 137.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,120 shares of the transportation company’s stock after buying an additional 13,953 shares during the quarter. Grupo Aeroportuario del Sureste comprises approximately 1.2% of Cannell Capital LLC’s holdings, making the stock its 19th largest position. Cannell Capital LLC’s holdings in Grupo Aeroportuario del Sureste were worth $7,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ASR. Bank of Nova Scotia bought a new position in shares of Grupo Aeroportuario del Sureste during the third quarter worth $647,000. Boothbay Fund Management LLC increased its holdings in Grupo Aeroportuario del Sureste by 22.5% in the 3rd quarter. Boothbay Fund Management LLC now owns 4,289 shares of the transportation company’s stock valued at $1,387,000 after acquiring an additional 789 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Grupo Aeroportuario del Sureste in the 3rd quarter valued at $230,000. Creative Planning lifted its stake in Grupo Aeroportuario del Sureste by 14.7% in the 3rd quarter. Creative Planning now owns 2,615 shares of the transportation company’s stock worth $846,000 after purchasing an additional 336 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 3rd quarter valued at about $636,000. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Down 1.5%

Shares of ASR opened at $316.80 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $346.83 and a 200 day moving average of $327.28. The company has a market cap of $9.50 billion, a PE ratio of 17.21 and a beta of 0.53. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $249.21 and a 52-week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data 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). 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 the consensus estimate of $500.58 million. On average, sell-side analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Wall Street Analyst Weigh In

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