Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Quarterly Earnings Results

Grupo Aeroportuario del Sureste (NYSE:ASR) released its earnings results on Wednesday. The transportation company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $6.49 by $992.51, reports. The company had revenue of $504.04 million for the quarter, compared to the consensus estimate of $544.78 million. Grupo Aeroportuario del Sureste had a return on equity of 21.42% and a net margin of 27.93%.

Grupo Aeroportuario del Sureste Stock Up 0.1%

Shares of Grupo Aeroportuario del Sureste stock opened at $324.77 on Thursday. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 17.64 and a beta of 0.58. Grupo Aeroportuario del Sureste has a twelve month low of $287.26 and a twelve month high of $381.52. The company has a current ratio of 3.03, a quick ratio of 3.01 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $343.43 and its 200-day simple moving average is $327.60.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds and other institutional investors have recently modified their holdings of ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth about $35,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after acquiring an additional 138 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% in the 2nd 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 raised its position in shares of Grupo Aeroportuario del Sureste by 195.1% during the fourth quarter. State of Wyoming now owns 419 shares of the transportation company’s stock worth $136,000 after purchasing an additional 277 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday. 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. Finally, Wall Street Zen cut shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Sureste has an average rating of “Hold” and a consensus target price 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.