Y Intercept Hong Kong Ltd Boosts Stake in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Y Intercept Hong Kong Ltd boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 757.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 10,986 shares of the transportation company’s stock after acquiring an additional 9,705 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Grupo Aeroportuario del Sureste were worth $3,693,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group bought a new stake in shares of Grupo Aeroportuario del Sureste during the third quarter valued at approximately $33,173,000. Deutsche Bank AG increased its stake in shares of Grupo Aeroportuario del Sureste by 90.6% during the fourth quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock valued at $60,721,000 after buying an additional 89,239 shares during the period. Morgan Stanley raised its holdings in shares of Grupo Aeroportuario del Sureste by 20.4% in the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock valued at $59,792,000 after acquiring an additional 31,298 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the 2nd quarter valued at about $7,310,000. Finally, Pillsbury Lake Capital LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $6,483,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

NYSE:ASR traded down $17.69 during trading hours on Tuesday, hitting $291.20. 37,525 shares of the company were exchanged, compared to its average volume of 68,206. The company’s 50 day moving average price is $302.11 and its 200-day moving average price is $326.48. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.55 and a beta of 0.46. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $275.00 and a 52-week high of $381.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data 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 firm had revenue of $495.15 million during the quarter. As a group, research analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were given a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 110.22%.

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.