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) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $255.89 and last traded at $255.90, with a volume of 22585 shares traded. The stock had previously closed at $257.52.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. The firm has a market cap of $7.69 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.70 and a beta of 0.48. The business’s 50-day simple moving average is $279.59 and its 200 day simple moving average is $309.49.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share for the quarter, missing the consensus estimate of $4.92 by ($0.54). The firm had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. As a group, equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at about $7,687,000. Bank of America Corp DE boosted its holdings in shares of Grupo Aeroportuario del Sureste by 112.1% in the first quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock worth $2,025,000 after buying an additional 3,184 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Grupo Aeroportuario del Sureste in the first quarter worth approximately $220,000. Quantinno Capital Management LP grew its position in Grupo Aeroportuario del Sureste by 111.2% during the first quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock valued at $2,161,000 after buying an additional 3,384 shares during the period. Finally, ABS Direct Equity Fund LLC increased its holdings in Grupo Aeroportuario del Sureste by 1.9% during the first quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company’s stock valued at $2,319,000 after buying an additional 130 shares during the last quarter. Institutional investors own 10.57% of the company’s stock.

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.