Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR – Get Free Report) reached a new 52-week low on Wednesday. The stock traded as low as $235.60 and last traded at $236.2740, with a volume of 55006 shares changing hands. The stock had previously closed at $240.96.
Analyst Ratings Changes
A number of research firms have issued reports on ASR. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, September 7th. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a report on Thursday, July 30th. Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $324.50.
View Our Latest Analysis on ASR
Grupo Aeroportuario del Sureste Trading Down 1.7%
Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) last announced 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 net margin of 26.07% and a return on equity of 21.32%. The business had revenue of $547.46 million for the quarter, compared to analysts’ expectations of $517.35 million. As a group, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current fiscal year.
Hedge Funds Weigh In On Grupo Aeroportuario del Sureste
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BayBridge Capital Group LLC bought a new stake in Grupo Aeroportuario del Sureste during the second quarter worth about $315,000. Empowered Funds LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at about $7,687,000. Bank of America Corp DE grew its position in Grupo Aeroportuario del Sureste by 112.1% in the 1st quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock worth $2,025,000 after purchasing an additional 3,184 shares during the period. Parvin Asset Management LLC purchased a new stake in Grupo Aeroportuario del Sureste during the first quarter valued at $220,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Grupo Aeroportuario del Sureste by 111.2% in the 1st quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock worth $2,161,000 after purchasing an additional 3,384 shares during the period. Hedge funds and other institutional investors own 10.57% of the company’s stock.
Grupo Aeroportuario del Sureste Company Profile
Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.
ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.
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