Zacks Investment Research lowered shares of Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) from a buy rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

A number of other equities research analysts also recently issued reports on ASR. Scotiabank increased their price objective on Grupo Aeroportuario del Sureste SAB de CV from $148.00 to $151.00 in a research report on Thursday, August 25th. Goldman Sachs Group Inc. increased their price objective on Grupo Aeroportuario del Sureste SAB de CV from $170.00 to $174.00 and gave the stock a buy rating in a research report on Thursday, July 21st.

Shares of Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) traded up 0.23% during trading on Tuesday, hitting $160.81. The stock had a trading volume of 8,160 shares. The company has a market cap of $48.24 billion, a PE ratio of 287.16 and a beta of 0.96. Grupo Aeroportuario del Sureste SAB de CV has a 1-year low of $119.99 and a 1-year high of $167.86. The firm’s 50 day moving average is $149.65 and its 200 day moving average is $152.68.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FCA Corp TX bought a new position in shares of Grupo Aeroportuario del Sureste SAB de CV during the second quarter worth about $207,000. World Asset Management Inc boosted its position in shares of Grupo Aeroportuario del Sureste SAB de CV by 8.2% in the second quarter. World Asset Management Inc now owns 1,711 shares of the company’s stock worth $273,000 after buying an additional 129 shares during the period. Raymond James & Associates boosted its position in shares of Grupo Aeroportuario del Sureste SAB de CV by 7.8% in the second quarter. Raymond James & Associates now owns 2,044 shares of the company’s stock worth $326,000 after buying an additional 148 shares during the period. Capital Fund Management S.A. bought a new position in shares of Grupo Aeroportuario del Sureste SAB de CV during the second quarter worth about $335,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Grupo Aeroportuario del Sureste SAB de CV by 8.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,397 shares of the company’s stock worth $382,000 after buying an additional 184 shares during the period. 33.81% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste SAB de CV Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (ASUR) is a holding company. The Company and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

5 Day Chart for NYSE:ASR

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