Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Earnings Results, Misses Estimates By $0.01 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) issued its quarterly earnings data on Tuesday. The transportation company reported $5.03 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.01), Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 20.67% and a net margin of 31.96%.

Grupo Aeroportuario del Sureste Stock Down 1.3%

Shares of NYSE ASR traded down $4.89 during trading on Tuesday, reaching $358.77. The company had a trading volume of 80,223 shares, compared to its average volume of 57,645. Grupo Aeroportuario del Sureste has a 12-month low of $249.21 and a 12-month high of $381.52. 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’s 50-day moving average is $341.36 and its 200 day moving average is $325.37. The stock has a market cap of $10.76 billion, a PE ratio of 19.02 and a beta of 0.56.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $35,000. Atlas Capital Advisors Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after acquiring an additional 50 shares during the last quarter. Finally, State of Wyoming grew its stake in Grupo Aeroportuario del Sureste by 195.1% during the fourth quarter. State of Wyoming now owns 419 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 277 shares in the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASR has been the subject of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Morgan Stanley cut shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $300.00.

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.