Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 151.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 63,506 shares of the transportation company’s stock after buying an additional 38,255 shares during the quarter. Hsbc Holdings PLC’s holdings in Grupo Aeroportuario del Sureste were worth $21,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ASR. Royal Bank of Canada lifted its stake in Grupo Aeroportuario del Sureste by 6.3% in the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock valued at $1,083,000 after buying an additional 235 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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. Marshall Wace LLP increased its holdings in shares of Grupo Aeroportuario del Sureste by 119.2% in the 2nd quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock valued at $4,658,000 after acquiring an additional 7,945 shares during the period. Jump Financial LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the 2nd quarter valued at $1,432,000. Finally, Qube Research & Technologies Ltd raised its position in Grupo Aeroportuario del Sureste by 1.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock valued at $16,084,000 after purchasing an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Wall Street Analysts Forecast Growth

ASR has been the subject of a number of recent research reports. Barclays upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $300.00.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE:ASR opened at $274.94 on Wednesday. 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 company has a 50-day moving average price of $295.98 and a 200 day moving average price of $323.09. The company has a market cap of $8.25 billion, a P/E ratio of 15.27, a PEG ratio of 1.94 and a beta of 0.46. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $270.78 and a 52 week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. The firm had revenue of $495.15 million for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%. Research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.84 earnings per share for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were paid a dividend of $5.7572 per share. The ex-dividend date of this dividend was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is 110.16%.

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.