Grupo Aeroportuario del Sureste (NYSE:ASR) Sets New 1-Year Low – Should You 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 Thursday . The company traded as low as $275.00 and last traded at $275.3880, with a volume of 29236 shares traded. The stock had previously closed at $278.13.

Wall Street Analyst Weigh In

ASR has been the subject of a number of recent research reports. Wall Street Zen cut shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Barclays upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39. The stock’s fifty day simple moving average is $312.76 and its 200-day simple moving average is $326.37. The company has a market capitalization of $8.60 billion, a P/E ratio of 15.92, a PEG ratio of 2.33 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. The company had revenue of $495.15 million during the quarter. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 27th were issued a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 110.22%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter valued at about $35,000. State of Wyoming bought a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter valued at about $46,000. Atlas Capital Advisors Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its stake in shares of Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after buying an additional 138 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after buying an additional 50 shares during the period. Institutional investors 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.