1832 Asset Management L.P. Makes New $14.93 Million Investment in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

1832 Asset Management L.P. purchased a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,836 shares of the transportation company’s stock, valued at approximately $14,927,000. 1832 Asset Management L.P. owned about 0.17% of Grupo Aeroportuario del Sureste, S. A. B. de C. V. as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ASR. Hsbc Holdings PLC increased its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the 4th quarter. Hsbc Holdings PLC now owns 92,230 shares of the transportation company’s stock worth $27,134,000 after purchasing an additional 49,668 shares in the last quarter. Sei Investments Co. bought a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the first quarter worth about $1,945,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 181.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,100 shares of the transportation company’s stock worth $988,000 after buying an additional 2,000 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 22.5% during the 1st quarter. BNP Paribas Financial Markets now owns 46,061 shares of the transportation company’s stock valued at $14,679,000 after buying an additional 8,462 shares in the last quarter. Finally, Alberta Investment Management Corp grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 83.5% during the 4th quarter. Alberta Investment Management Corp now owns 37,894 shares of the transportation company’s stock valued at $11,151,000 after acquiring an additional 17,244 shares during the period. 10.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, 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 note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Up 1.3 %

Shares of ASR stock opened at $294.24 on Tuesday. 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 stock has a fifty day simple moving average of $283.21 and a two-hundred day simple moving average of $307.52. The firm has a market capitalization of $8.83 billion, a PE ratio of 13.91, a PEG ratio of 2.20 and a beta of 1.12. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52-week low of $165.00 and a 52-week high of $357.90.

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

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.