Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Stock: Sumitomo Mitsui Trust Group Inc. Boosts Stake

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 67.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,447 shares of the transportation company’s stock after buying an additional 3,789 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Grupo Aeroportuario del Sureste were worth $2,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State of Wyoming bought a new position in shares of Grupo Aeroportuario del Sureste during the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Grupo Aeroportuario del Sureste in the 3rd quarter worth $61,000. Parallel Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste by 42.1% during the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 125 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at about $220,000. Finally, Alamar Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the first quarter valued at about $235,000. Institutional investors own 10.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ASR shares. Weiss Ratings upgraded Grupo Aeroportuario del Sureste from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a report on Thursday, July 30th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario del Sureste presently has a consensus rating of “Hold” and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

Grupo Aeroportuario del Sureste stock opened at $263.87 on Friday. The company’s 50-day moving average price is $246.59 and its 200-day moving average price is $296.50. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $7.92 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.14 and a beta of 0.49. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $226.19 and a twelve month high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.38 by ($0.40). The business had revenue of $576.34 million during the quarter, compared to the consensus estimate of $527.02 million. Grupo Aeroportuario del Sureste had a net margin of 25.10% and a return on equity of 20.94%. On average, equities research analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.32 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE:ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.