Metis Global Partners LLC Buys 2,470 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Metis Global Partners LLC increased its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 18.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,673 shares of the transportation company’s stock after buying an additional 2,470 shares during the period. Metis Global Partners LLC owned 0.05% of Grupo Aeroportuario del Sureste worth $5,068,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Grupo Aeroportuario del Sureste by 6.3% during the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock worth $1,083,000 after acquiring an additional 235 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Grupo Aeroportuario del Sureste by 5.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock worth $429,000 after purchasing an additional 72 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Grupo Aeroportuario del Sureste in the second quarter worth approximately $259,000. Caitong International Asset Management Co. Ltd purchased a new position in Grupo Aeroportuario del Sureste during the 2nd quarter worth $58,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Grupo Aeroportuario del Sureste by 273.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,096 shares of the transportation company’s stock valued at $987,000 after purchasing an additional 2,268 shares in the last quarter. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Stock Performance

ASR stock opened at $372.58 on Friday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $249.21 and a one year high of $379.07. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 19.76 and a beta of 0.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69. The firm has a 50-day simple moving average of $333.92 and a two-hundred day simple moving average of $322.25.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a research report on Monday, November 10th. Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $300.00.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.