Grupo Aeroportuario del Sureste (NYSE:ASR) Sees Strong Trading Volume – Still a Buy?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) shares saw unusually-strong trading volume on Monday . Approximately 63,845 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 51,634 shares.The stock last traded at $301.38 and had previously closed at $300.91.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut shares of Grupo Aeroportuario del Sureste from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, May 19th.

Grupo Aeroportuario del Sureste Stock Performance

The stock has a market cap of $8.98 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 7.56 and a beta of 0.76. The stock has a fifty day moving average of $319.37 and a 200-day moving average of $288.04. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). The company had revenue of $430.05 million during the quarter, compared to analysts’ expectations of $462.98 million. Grupo Aeroportuario del Sureste had a net margin of 50.07% and a return on equity of 25.70%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were given a dividend of $24.585 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a yield of 8.6%. This is an increase from Grupo Aeroportuario del Sureste’s previous annual dividend of $5.60. Grupo Aeroportuario del Sureste’s dividend payout ratio is presently 87.16%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at approximately $61,000. Wells Fargo & Company MN boosted its position in shares of Grupo Aeroportuario del Sureste by 67.5% during the 4th quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company’s stock worth $89,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 16.8% during the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company’s stock worth $120,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Grupo Aeroportuario del Sureste by 7.8% during the 1st quarter. Blue Trust Inc. now owns 524 shares of the transportation company’s stock worth $143,000 after purchasing an additional 38 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Grupo Aeroportuario del Sureste by 7.2% in the 4th quarter. US Bancorp DE now owns 699 shares of the transportation company’s stock valued at $180,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

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.