Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 1-Year Low – Should You Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s share price hit a new 52-week low on Friday . The company traded as low as $286.33 and last traded at $286.5960, with a volume of 16787 shares changing hands. The stock had previously closed at $292.80.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASR. Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Finally, Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste presently has a consensus rating of “Hold” and an average price target of $300.00.

Grupo Aeroportuario del Sureste Stock Down 3.5%

The firm has a 50-day simple moving average of $318.00 and a 200 day simple moving average of $326.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39. The company has a market capitalization of $8.48 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%.The business had revenue of $495.15 million for the quarter. On average, research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th will be given a dividend of $5.7572 per share. The ex-dividend date of this dividend is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is presently 110.33%.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently modified their holdings of ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste during the fourth quarter worth about $35,000. State of Wyoming acquired a new position in Grupo Aeroportuario del Sureste in the third quarter worth about $46,000. Atlas Capital Advisors Inc. acquired a new position in Grupo Aeroportuario del Sureste in the fourth quarter worth about $49,000. EverSource Wealth Advisors LLC grew its stake in Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares in the last quarter. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Company Profile

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.