UBS Group AG Raises Stock Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

UBS Group AG increased its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 366.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,040 shares of the transportation company’s stock after purchasing an additional 11,030 shares during the quarter. UBS Group AG’s holdings in Grupo Aeroportuario del Sureste were worth $4,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in Grupo Aeroportuario del Sureste in the third quarter worth approximately $46,000. EverSource Wealth Advisors LLC boosted its holdings in Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Grupo Aeroportuario del Sureste by 85.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company’s stock worth $64,000 after purchasing an additional 91 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Grupo Aeroportuario del Sureste by 249.6% in the third quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company’s stock worth $157,000 after purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Wall Street Zen cut shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Trading Down 2.0%

Shares of Grupo Aeroportuario del Sureste stock opened at $302.61 on Friday. The company’s fifty day simple moving average is $323.00 and its 200-day simple moving average is $327.36. The stock has a market capitalization of $9.08 billion, a PE ratio of 16.80, a P/E/G ratio of 3.52 and a beta of 0.49. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $292.35 and a 1-year high of $381.52. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.03 and a quick ratio of 3.01.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. The business had revenue of $495.15 million for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 22.93%. As a group, equities analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21.09 earnings per share for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th will be given a dividend of $5.7572 per share. The ex-dividend date is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is presently 210.05%.

Grupo Aeroportuario del Sureste Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.