Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Short Interest Update

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 110,341 shares, a decline of 15.9% from the November 30th total of 131,195 shares. Based on an average daily volume of 50,684 shares, the short-interest ratio is presently 2.2 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 50,684 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of Grupo Aeroportuario del Sureste

Several hedge funds and other institutional investors have recently made changes to their positions in ASR. ABS Direct Equity Fund LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the 3rd quarter valued at $3,602,000. Itau Unibanco Holding S.A. grew its stake in Grupo Aeroportuario del Sureste by 2,425.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock valued at $35,148,000 after purchasing an additional 105,863 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Grupo Aeroportuario del Sureste by 5.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 72 shares during the period. Savant Capital LLC purchased a new position in shares of Grupo Aeroportuario del Sureste in the second quarter worth about $290,000. Finally, Euro Pacific Asset Management LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste during the second quarter worth about $432,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Wall Street Analysts Forecast Growth

ASR has been the topic of several research analyst reports. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a report on Monday, November 10th. Zacks Research cut Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and an average target price of $305.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of Grupo Aeroportuario del Sureste stock opened at $323.06 on Wednesday. The company has a market capitalization of $9.69 billion, a PE ratio of 17.13 and a beta of 0.59. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47. Grupo Aeroportuario del Sureste has a 52 week low of $249.21 and a 52 week high of $360.00. The stock’s fifty day moving average is $308.80 and its two-hundred day moving average is $315.07.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a return on equity of 20.67% and a net margin of 31.96%.The firm had revenue of $478.54 million for the quarter, compared to the consensus estimate of $502.91 million. As a group, analysts expect that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 8th. Shareholders of record on Wednesday, November 26th were issued a $8.1473 dividend. This represents a yield of 271.0%. The ex-dividend date of this dividend was Wednesday, November 26th. Grupo Aeroportuario del Sureste’s payout ratio is currently 200.53%.

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.