Malaga Cove Capital LLC Grows Stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

Malaga Cove Capital LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) by 118.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,617 shares of the transportation company’s stock after acquiring an additional 877 shares during the quarter. Malaga Cove Capital LLC’s holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 159.1% in the fourth quarter. Millennium Management LLC now owns 17,553 shares of the transportation company’s stock worth $4,522,000 after purchasing an additional 10,778 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter valued at about $1,346,000. LRT Capital Management LLC boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 20.4% during the fourth quarter. LRT Capital Management LLC now owns 5,753 shares of the transportation company’s stock worth $1,482,000 after acquiring an additional 975 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the fourth quarter worth about $742,000. Finally, Bank of America Corp DE grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 27.2% in the fourth quarter. Bank of America Corp DE now owns 13,862 shares of the transportation company’s stock worth $3,571,000 after purchasing an additional 2,964 shares during the period. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Up 3.4%

Grupo Aeroportuario del Sureste, S. A. B. de C. V. stock opened at $338.63 on Wednesday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 12 month low of $248.88 and a 12 month high of $356.90. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 7.16 and a beta of 0.75. The business’s fifty day simple moving average is $289.57 and its two-hundred day simple moving average is $275.69. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.77 by ($0.03). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. The firm had revenue of $430.05 million during the quarter, compared to the consensus estimate of $462.98 million. As a group, equities analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th will be issued a $24.585 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This is a boost from Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s previous annual dividend of $5.60. This represents a yield of 8.6%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is 83.31%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered their target price on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, February 12th.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.