Caitong International Asset Management Co. Ltd Acquires New Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 182 shares of the transportation company’s stock, valued at approximately $58,000.

Several other large investors also recently bought and sold shares of ASR. Parallel Advisors LLC grew its stake in Grupo Aeroportuario del Sureste by 26.1% during the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 67 shares in the last quarter. Signaturefd LLC grew its stake in Grupo Aeroportuario del Sureste by 16.8% during the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 63 shares in the last quarter. US Bancorp DE grew its stake in Grupo Aeroportuario del Sureste by 4.4% during the 1st quarter. US Bancorp DE now owns 730 shares of the transportation company’s stock valued at $200,000 after acquiring an additional 31 shares in the last quarter. XTX Topco Ltd purchased a new stake in Grupo Aeroportuario del Sureste during the 1st quarter valued at about $207,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Grupo Aeroportuario del Sureste during the 1st quarter valued at about $227,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Performance

NYSE:ASR opened at $304.64 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The stock has a market capitalization of $9.14 billion, a P/E ratio of 16.15, a PEG ratio of 8.35 and a beta of 0.77. The company has a 50 day moving average price of $325.02 and a 200 day moving average price of $317.55. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $248.88 and a fifty-two week high of $360.00.

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

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were given a dividend of $8.0427 per share. The ex-dividend date of this dividend was Monday, September 29th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is presently 161.61%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday. Citigroup reissued a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. Finally, Zacks Research cut shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. One equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $310.00.

About Grupo Aeroportuario del Sureste

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.