Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Downgraded by StockNews.com

StockNews.com cut shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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

Shares of ASR opened at $272.00 on Wednesday. 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 market capitalization of $8.16 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14. 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. The stock’s 50-day simple moving average is $294.06 and its 200 day simple moving average is $309.92.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $9.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.64 by $3.96. 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%. The business had revenue of $357.51 million for the quarter. Research analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.04 EPS for the current fiscal year.

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

The firm also recently announced an annual dividend, which was paid on Monday, July 8th. Investors of record on Tuesday, June 25th were given a dividend of $5.597 per share. This represents a yield of 3.3%. The ex-dividend date was Tuesday, June 25th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is 50.54%.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC increased its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 227.8% in the fourth quarter. CWM LLC now owns 118 shares of the transportation company’s stock worth $35,000 after purchasing an additional 82 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the 4th quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock worth $65,000 after buying an additional 119 shares during the last quarter. Blue Trust Inc. raised its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 64.7% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the transportation company’s stock valued at $100,000 after buying an additional 123 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 840 shares of the transportation company’s stock worth $247,000 after acquiring an additional 322 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the first quarter worth $249,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

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.