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

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) shares reached a new 52-week low during trading on Monday . The company traded as low as $247.30 and last traded at $249.0090, with a volume of 1708 shares changing hands. The stock had previously closed at $251.77.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ASR shares. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Zacks Research lowered Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, September 7th. Finally, HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has a consensus rating of “Hold” and an average price target of $324.50.

Grupo Aeroportuario del Sureste Price Performance

The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $7.51 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.66 and a beta of 0.47. The business’s fifty day moving average price is $269.27 and its 200-day moving average price is $301.11.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its earnings results 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%. As a group, sell-side analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at about $35,000. Atlas Capital Advisors Inc. bought a new stake in Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $49,000. EverSource Wealth Advisors LLC lifted its position in Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares during the last quarter. Osaic Holdings Inc. boosted 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 buying an additional 50 shares in the last quarter. Finally, State of Wyoming boosted its stake in Grupo Aeroportuario del Sureste by 195.1% in the fourth quarter. State of Wyoming now owns 419 shares of the transportation company’s stock worth $136,000 after buying an additional 277 shares in the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports, primarily in Mexico. The company was established in 1998 as part of Mexico’s airport privatization program.

ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Minatitlán and Tapachula. Its airport activities include passenger and aircraft handling, terminal operations, runway and airfield management, security coordination and other services supporting commercial aviation.

Through its international operations and partnerships, ASUR also has interests in airports outside Mexico.