Principal Financial Group Inc. Sells 2,485 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Principal Financial Group Inc. trimmed its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 10.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,293 shares of the transportation company’s stock after selling 2,485 shares during the quarter. Principal Financial Group Inc. owned 0.07% of Grupo Aeroportuario del Sureste worth $7,208,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. increased its position in shares of Grupo Aeroportuario del Sureste by 2,425.8% during the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock worth $35,148,000 after acquiring an additional 105,863 shares in the last quarter. Jane Street Group LLC acquired a new position in Grupo Aeroportuario del Sureste in the 2nd quarter worth $7,310,000. ABS Direct Equity Fund LLC bought a new position in Grupo Aeroportuario del Sureste during the 3rd quarter worth about $3,602,000. Cannell Capital LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 2nd quarter valued at about $3,242,000. Finally, Marshall Wace LLP lifted its holdings in shares of Grupo Aeroportuario del Sureste by 119.2% in the second quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock valued at $4,658,000 after purchasing an additional 7,945 shares in the last quarter. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR opened at $372.58 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $333.92 and its 200 day simple moving average is $322.25. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $249.21 and a 1-year high of $379.07. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 19.76 and a beta of 0.56.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Morgan Stanley cut shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target for the company. in a research note on Monday, November 10th. Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $300.00.

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.