Empowered Funds LLC Acquires New Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Empowered Funds LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) during the first quarter, Holdings Channel reports. The fund bought 22,868 shares of the transportation company’s stock, valued at approximately $7,687,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $35,000. Atlas Capital Advisors Inc. purchased a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC grew its position in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Grupo Aeroportuario del Sureste by 63.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock worth $105,000 after purchasing an additional 126 shares during the period. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ASR. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, July 17th. Finally, HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Sureste presently has an average rating of “Hold” and a consensus target price of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

Shares of NYSE ASR opened at $275.95 on Friday. The stock’s 50-day moving average is $291.07 and its 200 day moving average is $320.11. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.74 and a beta of 0.46. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $259.01 and a 1-year high of $381.52. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results on Thursday, July 23rd. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%.The firm had revenue of $547.46 million during the quarter, compared to analysts’ expectations of $517.35 million. On average, sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.43 EPS for the current fiscal year.

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.