Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Mirae Asset Global Investments Co. Ltd. trimmed its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 65.8% during the second quarter, Holdings Channel.com reports. The firm owned 107 shares of the transportation company’s stock after selling 206 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Grupo Aeroportuario del Sureste were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASR. Parallel Advisors LLC lifted its holdings in Grupo Aeroportuario del Sureste by 26.1% in the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 67 shares in the last quarter. Signaturefd LLC lifted its holdings in Grupo Aeroportuario del Sureste by 16.8% in the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Sureste by 7.8% in the 1st quarter. Blue Trust Inc. now owns 524 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 38 shares in the last quarter. US Bancorp DE lifted its holdings in Grupo Aeroportuario del Sureste by 4.4% in the 1st quarter. US Bancorp DE now owns 730 shares of the transportation company’s stock valued at $200,000 after purchasing an additional 31 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Grupo Aeroportuario del Sureste in the 1st quarter valued at about $207,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Trading Down 0.7%

Shares of ASR stock opened at $312.41 on Monday. The firm has a market cap of $9.37 billion, a P/E ratio of 15.06, a PEG ratio of 8.03 and a beta of 0.78. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $248.88 and a 1-year high of $360.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. The firm’s 50-day simple moving average is $327.03 and its 200-day simple moving average is $315.45.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share for the quarter, missing the consensus estimate of $6.01 by ($2.21). The company had revenue of $464.62 million for the quarter, compared to analysts’ expectations of $8.98 billion. Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%. As a group, 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 Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued a $8.0427 dividend. The ex-dividend date was Monday, September 29th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is presently 146.89%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ASR shares. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, October 8th. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Citigroup reiterated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $310.00.

About Grupo Aeroportuario del Sureste

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.