Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Shares Gap Down to $319.52

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $319.52, but opened at $311.35. Grupo Aeroportuario del Sureste, S. A. B. de C. V. shares last traded at $309.58, with a volume of 1,091 shares trading hands.

Analyst Upgrades and Downgrades

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

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

The company has a debt-to-equity ratio of 0.21, a current ratio of 3.88 and a quick ratio of 3.87. The stock has a market capitalization of $8.96 billion, a PE ratio of 14.12, a P/E/G ratio of 1.41 and a beta of 1.14. The stock has a 50 day moving average of $329.90 and a two-hundred day moving average of $308.11.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last posted its earnings results on Monday, April 22nd. The transportation company reported $6.21 EPS for the quarter. The company had revenue of $438.09 million for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 22.21% and a net margin of 40.21%. Research analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.43 EPS for the current fiscal year.

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

The company 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 51.11%.

Institutional Trading of Grupo Aeroportuario del Sureste, S. A. B. de C. V.

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

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

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.