Empirical Finance LLC Decreases Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Empirical Finance LLC trimmed its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 15.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,448 shares of the transportation company’s stock after selling 3,420 shares during the quarter. Empirical Finance LLC owned 0.06% of Grupo Aeroportuario del Sureste worth $5,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Deutsche Bank AG grew its position in Grupo Aeroportuario del Sureste by 90.6% during the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock worth $60,721,000 after purchasing an additional 89,239 shares during the last quarter. Morgan Stanley lifted its stake in shares of Grupo Aeroportuario del Sureste by 20.4% during the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after buying an additional 31,298 shares during the period. State Street Corp lifted its stake in shares of Grupo Aeroportuario del Sureste by 3.2% during the fourth quarter. State Street Corp now owns 171,848 shares of the transportation company’s stock worth $55,576,000 after buying an additional 5,338 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Grupo Aeroportuario del Sureste by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 103,379 shares of the transportation company’s stock valued at $33,433,000 after buying an additional 2,134 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Grupo Aeroportuario del Sureste by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 64,853 shares of the transportation company’s stock valued at $20,974,000 after acquiring an additional 4,490 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ASR. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

ASR stock traded down $1.56 during trading on Tuesday, hitting $255.77. 71,368 shares of the company traded hands, compared to its average volume of 66,505. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1 year low of $249.58 and a 1 year high of $381.52. The company has a market cap of $7.67 billion, a PE ratio of 13.76, a P/E/G ratio of 1.70 and a beta of 0.47. The stock’s 50-day simple moving average is $273.78 and its 200 day simple moving average is $304.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29.

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

About Grupo Aeroportuario del Sureste

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.