Handelsbanken Fonder AB Sells 9,216 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Handelsbanken Fonder AB trimmed its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR – Free Report) by 25.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,542 shares of the transportation company’s stock after selling 9,216 shares during the period. Handelsbanken Fonder AB’s holdings in Grupo Aeroportuario del Sureste were worth $8,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Grupo Aeroportuario del Sureste in the 4th quarter valued at $35,000. Atlas Capital Advisors Inc. bought a new position in Grupo Aeroportuario del Sureste during the fourth quarter worth $49,000. EverSource Wealth Advisors LLC increased 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 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% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 50 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Grupo Aeroportuario del Sureste by 63.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 126 shares during the period. 10.57% of the stock is currently owned by institutional investors.

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Grupo Aeroportuario del Sureste Stock Down 2.8%

ASR opened at $267.08 on Friday. The stock has a fifty day moving average of $286.33 and a 200-day moving average of $316.80. The company has a market capitalization of $8.01 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.81 and a beta of 0.48. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $259.01 and a fifty-two week high of $381.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39.

Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) last released its quarterly earnings results on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%.The business had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. On average, equities analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current year.

Analysts Set New Price Targets

ASR has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a report on Thursday, July 30th. Weiss Ratings cut Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste has a consensus rating of “Hold” and an average target price of $324.50.

View Our Latest Research Report on ASR

Grupo Aeroportuario del Sureste Company Profile

(Free Report)

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.

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