Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 12-Month Low – Time to Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $286.33 and last traded at $286.5960, with a volume of 16787 shares. The stock had previously closed at $292.80.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ASR. Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $300.00.

Grupo Aeroportuario del Sureste Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market cap of $8.57 billion, a P/E ratio of 15.87, a PEG ratio of 2.43 and a beta of 0.47. The company has a fifty day moving average price of $319.16 and a two-hundred day moving average price of $327.23.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 EPS for the quarter. The business had revenue of $495.15 million during the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. On average, sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th will be issued a $5.7572 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is presently 110.27%.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Grupo Aeroportuario del Sureste by 112.1% during the first quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock valued at $2,025,000 after acquiring an additional 3,184 shares during the last quarter. Parvin Asset Management LLC bought a new position in Grupo Aeroportuario del Sureste in the first quarter worth about $220,000. Empowered Funds LLC bought a new position in Grupo Aeroportuario del Sureste in the first quarter worth about $7,687,000. Quantinno Capital Management LP raised its stake in Grupo Aeroportuario del Sureste by 111.2% in the first quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock worth $2,161,000 after buying an additional 3,384 shares in the last quarter. Finally, ABS Direct Equity Fund LLC raised its stake in Grupo Aeroportuario del Sureste by 1.9% in the first quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company’s stock worth $2,319,000 after buying an additional 130 shares in the last quarter. 10.57% of the stock is owned by institutional investors.

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.