Eagle Harbor Asset Management Inc. ADV Purchases New Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Eagle Harbor Asset Management Inc. ADV acquired a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,153 shares of the transportation company’s stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Grupo Aeroportuario del Sureste by 42.1% during the first quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock worth $142,000 after purchasing an additional 125 shares during the period. Parvin Asset Management LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth $220,000. Alamar Capital Management LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth $235,000. PNC Financial Services Group Inc. grew its position in 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 valued at $269,000 after purchasing an additional 39 shares during the period. Finally, BayBridge Capital Group LLC acquired a new stake in Grupo Aeroportuario del Sureste in the 2nd quarter valued at $315,000. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE:ASR opened at $248.13 on Wednesday. The company has a 50 day moving average of $248.65 and a 200 day moving average of $282.79. The stock has a market cap of $7.44 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.64 and a beta of 0.52. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12 month low of $226.19 and a 12 month high of $381.52. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its earnings results on Friday, July 24th. 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 21.32% 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. As a group, sell-side analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ASR shares. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Sureste presently has a consensus rating of “Hold” and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Profile

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. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

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