Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Sees Significant Growth in Short Interest

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 155,300 shares, an increase of 10.7% from the August 15th total of 140,300 shares. Based on an average trading volume of 39,700 shares, the short-interest ratio is presently 3.9 days. Currently, 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

A number of hedge funds have recently made changes to their positions in ASR. 1832 Asset Management L.P. bought a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the second quarter worth $14,927,000. Hsbc Holdings PLC boosted its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the 4th quarter. Hsbc Holdings PLC now owns 92,230 shares of the transportation company’s stock valued at $27,134,000 after purchasing an additional 49,668 shares during the last quarter. Sei Investments Co. grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 337.4% during the second quarter. Sei Investments Co. now owns 26,694 shares of the transportation company’s stock valued at $7,995,000 after purchasing an additional 20,591 shares in the last quarter. Alberta Investment Management Corp increased its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 83.5% in the fourth quarter. Alberta Investment Management Corp now owns 37,894 shares of the transportation company’s stock worth $11,151,000 after purchasing an additional 17,244 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 99.7% in the 2nd quarter. Marshall Wace LLP now owns 32,377 shares of the transportation company’s stock worth $9,698,000 after acquiring an additional 16,163 shares during the last quarter. Institutional investors own 10.57% of the company’s stock.

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

Shares of ASR traded up $1.05 during mid-day trading on Wednesday, reaching $290.31. The stock had a trading volume of 4,606 shares, compared to its average volume of 43,193. The business has a fifty day moving average of $285.19 and a 200 day moving average of $307.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.97 and a current ratio of 3.97. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.20 and a beta of 1.12. 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.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $9.60 earnings per share for the quarter, topping the consensus estimate of $5.64 by $3.96. The company had revenue of $357.51 million during the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 49.57% and a return on equity of 25.99%. Equities analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 22.95 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.00.

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.