Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Shares Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. raised its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 2,425.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,227 shares of the transportation company’s stock after acquiring an additional 105,863 shares during the quarter. Grupo Aeroportuario del Sureste accounts for about 1.2% of Itau Unibanco Holding S.A.’s investment portfolio, making the stock its 25th largest holding. Itau Unibanco Holding S.A. owned approximately 0.37% of Grupo Aeroportuario del Sureste worth $35,148,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ASR. Cerity Partners LLC boosted its stake in shares of Grupo Aeroportuario del Sureste by 102.5% in the first quarter. Cerity Partners LLC now owns 2,242 shares of the transportation company’s stock valued at $614,000 after purchasing an additional 1,135 shares during the period. 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 worth $120,000 after buying an additional 63 shares in the last quarter. XTX Topco Ltd purchased a new position in Grupo Aeroportuario del Sureste in the 1st quarter valued at about $207,000. Wealthquest Corp acquired a new stake in shares of Grupo Aeroportuario del Sureste during the first quarter valued at about $3,979,000. Finally, US Bancorp DE increased its position in shares of Grupo Aeroportuario del Sureste by 4.4% during the first quarter. US Bancorp DE now owns 730 shares of the transportation company’s stock worth $200,000 after acquiring an additional 31 shares during the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Trading Down 1.8%

NYSE ASR opened at $299.53 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The company has a 50-day simple moving average of $318.08 and a 200-day simple moving average of $319.30. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $249.21 and a one year high of $360.00. The firm has a market capitalization of $8.99 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 8.54 and a beta of 0.77.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a return on equity of 17.47% and a net margin of 31.96%.The company had revenue of $475.81 million for the quarter, compared to analyst estimates of $502.91 million. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, December 8th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $8.1473 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a dividend yield of 263.0%. Grupo Aeroportuario del Sureste’s payout ratio is 200.48%.

Analyst Ratings Changes

ASR has been the subject of a number of analyst reports. Zacks Research downgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Citigroup reiterated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday. Finally, Morgan Stanley lowered shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective for the company. in a report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste currently has an average rating of “Reduce” and an average price target of $305.00.

Grupo Aeroportuario del Sureste 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.