Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Sees Significant Drop in Short Interest

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 107,300 shares, a drop of 19.0% from the February 13th total of 132,400 shares. Based on an average trading volume of 50,100 shares, the short-interest ratio is currently 2.1 days. Approximately 0.4% of the company’s shares are short sold.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Price Performance

Shares of ASR opened at $287.75 on Thursday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a fifty-two week low of $248.88 and a fifty-two week high of $357.90. The firm’s 50 day moving average price is $273.24 and its 200 day moving average price is $271.09. The company has a market cap of $8.63 billion, a P/E ratio of 10.85, a PEG ratio of 7.16 and a beta of 1.07. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.20.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its earnings results on Monday, February 24th. The transportation company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.54 by ($0.06). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. The business had revenue of $449.41 million for the quarter, compared to analysts’ expectations of $408.15 million. On average, research analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. StockNews.com cut shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Large investors have recently added to or reduced their stakes in the business. Formidable Asset Management LLC acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter worth approximately $412,000. Tidal Investments LLC acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter worth approximately $442,000. Quantinno Capital Management LP grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 38.2% during the 4th quarter. Quantinno Capital Management LP now owns 1,300 shares of the transportation company’s stock worth $335,000 after acquiring an additional 359 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 118.5% during the 4th quarter. Malaga Cove Capital LLC now owns 1,617 shares of the transportation company’s stock worth $417,000 after acquiring an additional 877 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 159.1% during the 4th quarter. Millennium Management LLC now owns 17,553 shares of the transportation company’s stock worth $4,522,000 after acquiring an additional 10,778 shares in the last quarter. 10.57% of the stock is owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

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.