Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) from a buy rating to a hold rating in a report released on Wednesday.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Price Performance

Shares of NYSE:ASR opened at $269.39 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.97 and a current ratio of 3.97. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a one year low of $165.00 and a one year high of $357.90. The company has a 50-day simple moving average of $292.25 and a 200-day simple moving average of $309.54. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.38 and a beta of 1.14.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $9.60 earnings per share for the quarter, beating the consensus estimate of $5.64 by $3.96. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 25.99% and a net margin of 49.57%. The company had revenue of $357.51 million for the quarter. On average, analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.04 EPS for the current year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, July 8th. Shareholders of record on Tuesday, June 25th were given a dividend of $5.597 per share. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a yield of 3.3%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is currently 50.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ASR. CWM LLC increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 227.8% during the 4th quarter. CWM LLC now owns 118 shares of the transportation company’s stock worth $35,000 after purchasing an additional 82 shares during the period. Parallel Advisors LLC grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the fourth quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock worth $65,000 after acquiring an additional 119 shares during the period. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 64.7% in the second quarter. Blue Trust Inc. now owns 313 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 123 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 840 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 322 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 1st quarter worth $249,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.