Ballentine Partners LLC Purchases Shares of 781 Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

Ballentine Partners LLC purchased a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 781 shares of the transportation company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASR. Alpine Global Management LLC acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 3rd quarter valued at approximately $1,303,000. Advisors Asset Management Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 4.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,284 shares of the transportation company’s stock valued at $561,000 after purchasing an additional 90 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 161.6% in the 3rd quarter. Penserra Capital Management LLC now owns 3,780 shares of the transportation company’s stock valued at $928,000 after purchasing an additional 2,335 shares during the last quarter. Bar Harbor Wealth Management boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 0.7% in the 3rd quarter. Bar Harbor Wealth Management now owns 30,783 shares of the transportation company’s stock valued at $7,564,000 after purchasing an additional 209 shares during the last quarter. Finally, VisionPoint Advisory Group LLC boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 19.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 2,347 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 390 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ASR. StockNews.com upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Barclays lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Price Performance

ASR stock opened at $298.64 on Thursday. The firm has a 50 day moving average of $329.90 and a 200-day moving average of $308.11. The company has a current ratio of 3.88, a quick ratio of 3.87 and a debt-to-equity ratio of 0.21. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 12 month low of $165.00 and a 12 month high of $357.90. The firm has a market capitalization of $8.96 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last released its quarterly earnings data on Monday, April 22nd. The transportation company reported $6.21 EPS for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 40.21% and a return on equity of 22.21%. The company had revenue of $438.09 million during the quarter. As a group, sell-side analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.43 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 25th will be given a dividend of $5.597 per share. The ex-dividend date is Tuesday, June 25th. This represents a yield of 3.3%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is presently 51.11%.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.