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

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 95,400 shares, a decline of 24.9% from the May 15th total of 127,000 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 65,700 shares, the days-to-cover ratio is presently 1.5 days.

Grupo Aeroportuario del Sureste Trading Down 1.3%

Shares of NYSE ASR opened at $306.10 on Thursday. The business’s 50 day moving average is $318.03 and its two-hundred day moving average is $287.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. Grupo Aeroportuario del Sureste has a 1-year low of $248.88 and a 1-year high of $360.00. The stock has a market capitalization of $9.18 billion, a P/E ratio of 11.53, a PEG ratio of 7.79 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). Grupo Aeroportuario del Sureste had a return on equity of 25.70% and a net margin of 50.07%. The company had revenue of $430.05 million for the quarter, compared to the consensus estimate of $462.98 million. As a group, research analysts expect that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were issued a dividend of $24.585 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a yield of 8.6%. This is a positive change from Grupo Aeroportuario del Sureste’s previous annual dividend of $5.60. Grupo Aeroportuario del Sureste’s dividend payout ratio is currently 87.16%.

Analyst Ratings Changes

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a “sector outperform” rating to a “sector perform” rating in a report on Monday, May 19th.

Institutional Trading of Grupo Aeroportuario del Sureste

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Grupo Aeroportuario del Sureste by 126.2% during the first quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company’s stock worth $84,339,000 after purchasing an additional 172,654 shares in the last quarter. Nuveen LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at $44,197,000. Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at $13,464,000. Proficio Capital Partners LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at $4,646,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at $4,187,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste 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.