Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 52-Week Low – Time to Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s share price reached a new 52-week low on Wednesday. The company traded as low as $235.60 and last traded at $236.2740, with a volume of 55006 shares traded. The stock had previously closed at $240.96.

Analyst Ratings Changes

A number of equities research analysts recently commented on ASR shares. Zacks Research lowered Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, September 7th. HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $324.50.

Grupo Aeroportuario del Sureste Trading Down 2.2%

The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $259.93 and a 200 day moving average price of $292.43. The firm has a market cap of $7.07 billion, a PE ratio of 12.68, a P/E/G ratio of 1.61 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its earnings results on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%.The firm had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. Analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 42.1% in the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock worth $142,000 after buying an additional 125 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at about $220,000. Alamar Capital Management LLC purchased a new position in Grupo Aeroportuario del Sureste during the first quarter worth approximately $235,000. PNC Financial Services Group Inc. raised its position in shares of Grupo Aeroportuario del Sureste by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock worth $269,000 after buying an additional 39 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Grupo Aeroportuario del Sureste by 14.9% in the 1st quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 131 shares in the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.