Caitong International Asset Management Co. Ltd Makes New $58,000 Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Caitong International Asset Management Co. Ltd bought a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) during the second quarter, HoldingsChannel.com reports. The firm bought 182 shares of the transportation company’s stock, valued at approximately $58,000.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Grupo Aeroportuario del Sureste by 26.1% during the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company’s stock worth $103,000 after buying an additional 67 shares in the last quarter. Signaturefd LLC lifted its holdings in Grupo Aeroportuario del Sureste by 16.8% during the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company’s stock worth $120,000 after buying an additional 63 shares in the last quarter. US Bancorp DE lifted its holdings in Grupo Aeroportuario del Sureste by 4.4% during the 1st quarter. US Bancorp DE now owns 730 shares of the transportation company’s stock worth $200,000 after buying an additional 31 shares in the last quarter. XTX Topco Ltd acquired a new stake in Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $207,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $227,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR opened at $304.64 on Friday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $248.88 and a twelve month high of $360.00. The firm’s fifty day simple moving average is $325.02 and its 200-day simple moving average is $317.55. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 8.35 and a beta of 0.77. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 17.47%. The firm had revenue of $475.81 million during the quarter, compared to analyst estimates of $502.91 million. Equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently declared a special dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were paid a dividend of $8.0427 per share. The ex-dividend date was Monday, September 29th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is currently 161.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ASR shares. Citigroup reiterated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday. Finally, Zacks Research lowered shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $310.00.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.