Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 1-Year Low – Here’s Why

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $258.51 and last traded at $258.8610, with a volume of 9347 shares changing hands. The stock had previously closed at $263.00.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price on the stock in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

The stock has a market capitalization of $7.75 billion, a P/E ratio of 13.92, a PEG ratio of 1.74 and a beta of 0.48. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $285.56 and a two-hundred day moving average price of $315.63.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). The firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. Equities analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Grupo Aeroportuario del Sureste by 6.3% in the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock worth $1,083,000 after buying an additional 235 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares in the last quarter. Marshall Wace LLP increased its stake in Grupo Aeroportuario del Sureste by 119.2% in the 2nd quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock worth $4,658,000 after acquiring an additional 7,945 shares during the last quarter. Jump Financial LLC bought a new position in Grupo Aeroportuario del Sureste in the 2nd quarter worth about $1,432,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Grupo Aeroportuario del Sureste by 1.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock valued at $16,084,000 after acquiring an additional 584 shares in the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

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.