SG Americas Securities LLC Sells 344 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

SG Americas Securities LLC trimmed its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 19.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,408 shares of the transportation company’s stock after selling 344 shares during the period. SG Americas Securities LLC’s holdings in Grupo Aeroportuario del Sureste were worth $449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. raised its position in shares of Grupo Aeroportuario del Sureste by 494.7% during the 2nd quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 94 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Grupo Aeroportuario del Sureste by 13,800.0% during the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock worth $44,000 after purchasing an additional 138 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Grupo Aeroportuario del Sureste in the second quarter valued at about $58,000. Parallel Advisors LLC increased its holdings in Grupo Aeroportuario del Sureste by 26.1% in the second quarter. Parallel Advisors LLC now owns 324 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 67 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Grupo Aeroportuario del Sureste by 8.2% in the second quarter. Signaturefd LLC now owns 474 shares of the transportation company’s stock valued at $151,000 after buying an additional 36 shares during the period. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR opened at $301.08 on Friday. The firm has a market cap of $9.03 billion, a P/E ratio of 15.96, a PEG ratio of 8.54 and a beta of 0.77. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $249.21 and a twelve month high of $360.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The firm’s 50 day moving average price is $310.76 and its two-hundred day moving average price is $317.91.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a return on equity of 17.47% and a net margin of 31.96%.The company had revenue of $478.54 million for the quarter, compared to the consensus estimate of $502.91 million. On average, analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, December 8th. Shareholders of record on Wednesday, November 26th will be paid a $8.1473 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a dividend yield of 271.0%. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is currently 200.48%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ASR shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Morgan Stanley cut shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective for the company. in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, October 8th. Zacks Research lowered shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Citigroup restated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $305.00.

Grupo Aeroportuario del Sureste 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.