Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 52-Week Low – Time to Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $275.00 and last traded at $276.0860, with a volume of 4539 shares traded. The stock had previously closed at $279.71.

Analyst Upgrades and Downgrades

ASR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday. Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Sureste currently has an average rating of “Moderate Buy” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Price Performance

The firm has a market cap of $8.29 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.98 and a beta of 0.46. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $297.45 and its two-hundred day moving average is $323.77.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 EPS for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. The business had revenue of $495.15 million for the quarter. As a group, analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.84 earnings per share for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

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

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its holdings in Grupo Aeroportuario del Sureste by 90.6% in the fourth 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 in the last quarter. Morgan Stanley boosted its holdings in shares of Grupo Aeroportuario del Sureste by 20.4% during the 4th 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 in the last quarter. State Street Corp boosted its holdings in shares of Grupo Aeroportuario del Sureste by 3.2% during the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Grupo Aeroportuario del Sureste by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 103,379 shares of the transportation company’s stock worth $33,433,000 after buying an additional 2,134 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Grupo Aeroportuario del Sureste by 9.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 87,258 shares of the transportation company’s stock worth $28,219,000 after buying an additional 7,504 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

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.