Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Sees Large Volume Increase

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) saw an uptick in trading volume on Thursday . 3,963 shares were traded during trading, a decline of 93% from the previous session’s volume of 58,365 shares.The stock last traded at $186.83 and had previously closed at $184.97.

Several research firms have recently commented on ASR. Zacks Investment Research lowered Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “strong-buy” rating to a “sell” rating in a report on Tuesday, March 9th. UBS Group reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in a report on Wednesday, March 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $158.50.

The company has a debt-to-equity ratio of 0.33, a current ratio of 3.99 and a quick ratio of 3.99. The company has a market capitalization of $5.62 billion, a PE ratio of 43.02, a price-to-earnings-growth ratio of 6.28 and a beta of 1.30. The stock’s 50 day simple moving average is $177.15 and its 200-day simple moving average is $154.05.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued its quarterly earnings results on Tuesday, February 23rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $14.73 by ($13.92). The business had revenue of $207.21 million for the quarter, compared to analysts’ expectations of $216.82 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 7.14% and a net margin of 22.58%. On average, equities analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 2.83 earnings per share for the current year.

Large investors have recently modified their holdings of the business. State Street Corp increased its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 4.3% during the third quarter. State Street Corp now owns 94,599 shares of the transportation company’s stock worth $10,976,000 after purchasing an additional 3,900 shares during the period. Ritholtz Wealth Management acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter worth about $288,000. Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter worth about $1,637,000. Virtu Financial LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the third quarter worth about $1,084,000. Finally, WCM Investment Management LLC grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 56.2% during the fourth quarter. WCM Investment Management LLC now owns 193,574 shares of the transportation company’s stock worth $31,926,000 after buying an additional 69,670 shares in the last quarter. Institutional investors own 21.38% of the company’s stock.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

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 nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan.

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