Sei Investments Co. Sells 5,030 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Sei Investments Co. reduced its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 42.0% during the first quarter, Holdings Channel.com reports. The fund owned 6,938 shares of the transportation company’s stock after selling 5,030 shares during the period. Sei Investments Co.’s holdings in Grupo Aeroportuario del Sureste were worth $2,332,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in Grupo Aeroportuario del Sureste by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock worth $10,292,000 after purchasing an additional 4,743 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Grupo Aeroportuario del Sureste by 9.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 87,258 shares of the transportation company’s stock worth $28,219,000 after buying an additional 7,504 shares during the period. Hsbc Holdings PLC raised its stake in Grupo Aeroportuario del Sureste by 151.5% during the first quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after buying an additional 38,255 shares during the last quarter. Fisher Funds Management LTD raised its stake in Grupo Aeroportuario del Sureste by 12.9% during the fourth quarter. Fisher Funds Management LTD now owns 45,902 shares of the transportation company’s stock worth $14,749,000 after buying an additional 5,248 shares during the last quarter. Finally, Capital Innovations LLC acquired a new position in Grupo Aeroportuario del Sureste in the fourth quarter valued at $3,137,000. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Price Performance

ASR stock opened at $276.22 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39. The company’s 50-day moving average is $288.39 and its 200-day moving average is $318.57. The stock has a market capitalization of $8.29 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.80 and a beta of 0.48. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1 year low of $259.01 and a 1 year high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.85%. The firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. Equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.8 EPS for the current fiscal year.

Analysts Set New Price Targets

ASR has been the topic of a number of research analyst reports. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Finally, UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $324.50.

Grupo Aeroportuario del Sureste Company 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.