U S Global Investors Inc. trimmed its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR – Free Report) by 19.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,988 shares of the transportation company’s stock after selling 2,446 shares during the period. U S Global Investors Inc.’s holdings in Grupo Aeroportuario del Sureste were worth $3,357,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Grupo Aeroportuario del Sureste during the fourth quarter worth about $35,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Aeroportuario del Sureste by 63.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock worth $105,000 after purchasing an additional 126 shares during the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ASR has been the subject of a number of recent research reports. Wall Street Zen downgraded Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Finally, UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $300.00.
Grupo Aeroportuario del Sureste Stock Performance
Grupo Aeroportuario del Sureste stock traded up $1.53 during mid-day trading on Friday, hitting $285.14. 85,111 shares of the company’s stock traded hands, compared to its average volume of 66,013. The firm has a 50 day moving average price of $300.34 and a 200 day moving average price of $325.54. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The company has a market cap of $8.55 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $275.00 and a one year high of $381.52.
Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. The company had revenue of $495.15 million during the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 EPS for the current year.
Grupo Aeroportuario del Sureste Announces Dividend
The business also recently announced a special dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 27th were given a $5.7572 dividend. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is currently 110.22%.
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.
Recommended Stories
- Five stocks we like better than Grupo Aeroportuario del Sureste
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Want to see what other hedge funds are holding ASR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR – Free Report).
Receive News & Ratings for Grupo Aeroportuario del Sureste Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Sureste and related companies with MarketBeat.com's FREE daily email newsletter.
