Maryland State Retirement & Pension System Sells 4,144 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Maryland State Retirement & Pension System trimmed its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 21.2% in the first quarter, Holdings Channel.com reports. The fund owned 15,414 shares of the transportation company’s stock after selling 4,144 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Grupo Aeroportuario del Sureste were worth $5,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASR. Deutsche Bank AG boosted its holdings in Grupo Aeroportuario del Sureste by 90.6% in the fourth quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock valued at $60,721,000 after acquiring an additional 89,239 shares during the last quarter. Hsbc Holdings PLC increased its position in Grupo Aeroportuario del Sureste by 151.5% during the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock valued at $21,346,000 after purchasing an additional 38,255 shares during the period. Morgan Stanley raised its holdings in Grupo Aeroportuario del Sureste by 20.4% during the 4th 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 bought a new position in Grupo Aeroportuario del Sureste during the 2nd quarter worth approximately $7,310,000. Finally, Pillsbury Lake Capital LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $6,483,000. 10.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ASR shares. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Monday, April 20th. Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR stock opened at $283.38 on Thursday. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.95 and a beta of 0.46. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $275.00 and a 52 week high of $381.52. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $298.67 and a 200-day moving average of $324.45.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. The company had revenue of $495.15 million during the quarter. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.84 earnings per share for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

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

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.