Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Stock: Sumitomo Mitsui Trust Group Inc. Raises Stake

Sumitomo Mitsui Trust Group Inc. increased its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 67.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,447 shares of the transportation company’s stock after buying an additional 3,789 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Grupo Aeroportuario del Sureste were worth $2,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in Grupo Aeroportuario del Sureste by 151.5% during the first quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock valued at $21,346,000 after acquiring an additional 38,255 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth about $7,687,000. Empirical Finance LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the 1st quarter worth about $7,687,000. U S Global Investors Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth about $3,792,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Grupo Aeroportuario del Sureste by 16.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 99,975 shares of the transportation company’s stock worth $23,513,000 after purchasing an additional 13,867 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASR. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Weiss Ratings upgraded Grupo Aeroportuario del Sureste from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $324.50.

Grupo Aeroportuario del Sureste Price Performance

NYSE ASR opened at $263.87 on Friday. The firm’s fifty day simple moving average is $246.59 and its two-hundred day simple moving average is $296.50. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12-month low of $226.19 and a 12-month high of $381.52. The firm has a market capitalization of $7.92 billion, a P/E ratio of 14.09, a P/E/G ratio of 2.14 and a beta of 0.49.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. The business had revenue of $576.34 million for the quarter, compared to analyst estimates of $527.02 million. Analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.32 EPS for the current fiscal year.

About Grupo Aeroportuario del Sureste

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. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.