LRT Capital Management LLC Decreases Stake in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

LRT Capital Management LLC reduced its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 66.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,049 shares of the transportation company’s stock after selling 4,030 shares during the period. LRT Capital Management LLC’s holdings in Grupo Aeroportuario del Sureste were worth $663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ASR. Schroder Investment Management Group acquired a new stake in Grupo Aeroportuario del Sureste during the third quarter worth about $33,173,000. Deutsche Bank AG increased its position in Grupo Aeroportuario del Sureste by 90.6% during the fourth quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock worth $60,721,000 after purchasing an additional 89,239 shares during the last quarter. Morgan Stanley increased its position in Grupo Aeroportuario del Sureste by 20.4% during the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after purchasing an additional 31,298 shares during the last quarter. Jane Street Group LLC acquired a new stake in Grupo Aeroportuario del Sureste during the second quarter worth about $7,310,000. Finally, Cannell Capital LLC boosted its stake in Grupo Aeroportuario del Sureste by 137.2% during the third quarter. Cannell Capital LLC now owns 24,120 shares of the transportation company’s stock worth $7,799,000 after buying an additional 13,953 shares during the period. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ASR shares. Barclays raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of Grupo Aeroportuario del Sureste stock opened at $286.77 on Friday. The firm’s fifty day simple moving average is $312.76 and its 200-day simple moving average is $326.37. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.35 and a beta of 0.47. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12 month low of $275.00 and a 12 month high of $381.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. The firm 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 21.77%. As a group, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 27th were given a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is presently 110.22%.

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.