Zacks Investment Research upgraded shares of Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) from a sell rating to a hold rating in a report 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. “

Several other research firms have also commented on ASR. Bank of America Corp. lowered Grupo Aeroportuario del Sureste SAB de CV from a buy rating to a neutral rating in a report on Wednesday, November 9th. Scotiabank increased their target price on Grupo Aeroportuario del Sureste SAB de CV from $148.00 to $151.00 in a report on Thursday, August 25th.

Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) opened at 146.32 on Tuesday. Grupo Aeroportuario del Sureste SAB de CV has a 52 week low of $119.99 and a 52 week high of $165.40. The stock has a market cap of $43.90 billion, a price-to-earnings ratio of 263.64 and a beta of 0.82. The company has a 50 day moving average price of $154.23 and a 200 day moving average price of $153.61.

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Several large investors have recently made changes to their positions in ASR. Harding Loevner LP increased its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 5.6% in the third quarter. Harding Loevner LP now owns 1,177,903 shares of the company’s stock valued at $172,469,000 after buying an additional 62,781 shares during the period. Moody Lynn & Lieberson LLC increased its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 1.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 2,709 shares of the company’s stock worth $432,000 after buying an additional 27 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 4.8% in the second quarter. Handelsbanken Fonder AB now owns 324,709 shares of the company’s stock worth $51,807,000 after buying an additional 14,750 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 54,521 shares of the company’s stock worth $8,698,000 after buying an additional 720 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 15.2% in the third quarter. Bank of Montreal Can now owns 7,077 shares of the company’s stock worth $1,036,000 after buying an additional 932 shares during the last quarter. Institutional investors and hedge funds own 33.18% of the company’s stock.

About Grupo Aeroportuario del Sureste SAB de CV

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.

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