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

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 Monday . The stock 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

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

Grupo Aeroportuario del Sureste Stock Down 1.7%

The stock has a fifty day moving average of $267.31 and a 200 day moving average of $299.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a market capitalization of $7.44 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). The business 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%. On average, research analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASR. Hsbc Holdings PLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 151.5% in the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after purchasing an additional 38,255 shares during the period. BNP Paribas Financial Markets increased its position in Grupo Aeroportuario del Sureste by 15.9% in the fourth quarter. BNP Paribas Financial Markets now owns 45,733 shares of the transportation company’s stock worth $14,790,000 after buying an additional 6,258 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Grupo Aeroportuario del Sureste by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock valued at $10,292,000 after buying an additional 4,743 shares during the period. Empirical Finance LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at $7,687,000. Finally, Empowered Funds LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth $7,687,000. 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), 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.