Templeton & Phillips Capital Management LLC Invests $1.82 Million in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Templeton & Phillips Capital Management LLC purchased a new position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,706 shares of the transportation company’s stock, valued at approximately $1,819,000. Grupo Aeroportuario del Sureste accounts for approximately 1.3% of Templeton & Phillips Capital Management LLC’s investment portfolio, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth approximately $227,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Grupo Aeroportuario del Sureste by 5.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock worth $429,000 after purchasing an additional 72 shares during the period. Wealthquest Corp acquired a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth approximately $3,979,000. Hsbc Holdings PLC lifted its position in shares of Grupo Aeroportuario del Sureste by 8.2% in the 1st quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company’s stock worth $31,498,000 after purchasing an additional 8,717 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Grupo Aeroportuario del Sureste by 5.7% in the 1st quarter. American Century Companies Inc. now owns 24,064 shares of the transportation company’s stock worth $6,589,000 after purchasing an additional 1,307 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $310.00.

Grupo Aeroportuario del Sureste Trading Up 1.3%

ASR opened at $310.30 on Thursday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $248.88 and a 1-year high of $360.00. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. The company has a market cap of $9.31 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 8.44 and a beta of 0.77. The company has a fifty day moving average price of $323.96 and a two-hundred day moving average price of $318.69.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share for the quarter, missing the consensus estimate of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 17.47%. The company had revenue of $475.81 million during the quarter, compared to the consensus estimate of $502.91 million. Analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, December 8th. Shareholders of record on Wednesday, November 26th will be paid a $8.1473 dividend. This represents a yield of 263.0%. The ex-dividend date of this dividend is Wednesday, November 26th. Grupo Aeroportuario del Sureste’s payout ratio is 161.61%.

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.