Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 12-Month Low – Time to Sell?

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASRGet Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $286.33 and last traded at $286.5960, with a volume of 16787 shares. The stock had previously closed at $292.80.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ASR shares. Wall Street Zen downgraded shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Finally, Barclays upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste presently has a consensus rating of “Hold” and an average target price of $300.00.

Read Our Latest Stock Report on ASR

Grupo Aeroportuario del Sureste Stock Down 2.4%

The firm has a market cap of $8.57 billion, a PE ratio of 15.87, a P/E/G ratio of 2.43 and a beta of 0.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39. The firm’s 50-day moving average price is $319.16 and its two-hundred day moving average price is $327.23.

Grupo Aeroportuario del Sureste (NYSE:ASRGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. The business had revenue of $495.15 million during the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. As a group, equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 27th will be paid a $5.7572 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is currently 110.27%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors have recently made changes to their positions in ASR. Schroder Investment Management Group purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 3rd quarter worth $33,173,000. Deutsche Bank AG boosted its position in shares of Grupo Aeroportuario del Sureste by 90.6% in the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock worth $60,721,000 after buying an additional 89,239 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Grupo Aeroportuario del Sureste by 151.5% in the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after buying an additional 38,255 shares in the last quarter. Morgan Stanley boosted its position in shares of Grupo Aeroportuario del Sureste by 20.4% in the 4th quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after buying an additional 31,298 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the 2nd quarter worth about $7,310,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Sureste

(Get 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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