Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Shares Up 9.3% – Time to Buy?

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) shares rose 9.3% during trading on Friday . The company traded as high as $278.95 and last traded at $282.66. Approximately 10,921 shares traded hands during trading, a decline of 78% from the average daily volume of 48,914 shares. The stock had previously closed at $258.49.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group reduced their price target on Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, February 12th. StockNews.com lowered Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to a “hold” rating in a report on Thursday, November 21st.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 10.8 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 4.65 and a quick ratio of 4.65. The stock’s fifty day simple moving average is $271.66 and its 200-day simple moving average is $270.68. The stock has a market cap of $8.59 billion, a P/E ratio of 10.79, a PEG ratio of 7.16 and a beta of 1.07.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its quarterly earnings results on Monday, February 24th. The transportation company reported $5.48 EPS for the quarter, missing the consensus estimate of $5.54 by ($0.06). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 50.08% and a return on equity of 26.25%. The firm had revenue of $449.41 million during the quarter, compared to analyst estimates of $408.15 million. On average, research analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASR. JPMorgan Chase & Co. grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 249,572 shares of the transportation company’s stock worth $64,297,000 after buying an additional 6,552 shares during the last quarter. State Street Corp grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 4.5% in the third quarter. State Street Corp now owns 164,576 shares of the transportation company’s stock worth $46,536,000 after buying an additional 7,070 shares during the last quarter. AQR Capital Management LLC grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.4% in the fourth quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company’s stock worth $35,256,000 after buying an additional 19,302 shares during the last quarter. Hsbc Holdings PLC grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.6% in the fourth quarter. Hsbc Holdings PLC now owns 106,311 shares of the transportation company’s stock worth $27,389,000 after buying an additional 15,112 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 3rd quarter worth approximately $19,274,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

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.