U S Global Investors Inc. Makes New Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

U S Global Investors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,125 shares of the transportation company’s stock, valued at approximately $3,792,000.

Several other institutional investors also recently made changes to their positions in ASR. PNC Financial Services Group Inc. boosted its holdings in Grupo Aeroportuario del Sureste by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 39 shares during the last quarter. Parallel Advisors LLC grew its position in Grupo Aeroportuario del Sureste by 42.1% during the first quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 125 shares during the period. ABS Direct Equity Fund LLC increased its stake in Grupo Aeroportuario del Sureste by 1.9% during the first quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company’s stock worth $2,319,000 after acquiring an additional 130 shares during the last quarter. QRG Capital Management Inc. increased its stake in Grupo Aeroportuario del Sureste by 14.9% during the first quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company’s stock worth $339,000 after acquiring an additional 131 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 13.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,472 shares of the transportation company’s stock worth $476,000 after purchasing an additional 179 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Stock Down 0.9%

Shares of Grupo Aeroportuario del Sureste stock opened at $250.53 on Friday. The company has a fifty day moving average price of $247.90 and a 200 day moving average price of $281.45. 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 twelve month low of $226.19 and a twelve month high of $381.52. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.74 and a beta of 0.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.60 by ($0.62). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The company had revenue of $576.34 million during the quarter, compared to analyst estimates of $527.02 million. Equities research analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $324.50.

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. 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.