Grupo Aeroportuario del Sureste (NYSE:ASR) Sets New 1-Year Low – Should You Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) reached a new 52-week low on Monday . The stock traded as low as $275.00 and last traded at $276.0860, with a volume of 4539 shares trading hands. The stock had previously closed at $279.71.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASR. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

Grupo Aeroportuario del Sureste Trading Up 0.2%

The company’s fifty day moving average is $295.98 and its 200-day moving average is $323.09. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $8.25 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.94 and a beta of 0.46.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its earnings results on Tuesday, March 31st. The transportation company reported $5.24 EPS for the quarter. The firm had revenue of $495.15 million for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.84 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were paid a $5.7572 dividend. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is presently 110.16%.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $35,000. Atlas Capital Advisors Inc. acquired a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC raised its stake in Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Grupo Aeroportuario del Sureste by 63.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock worth $105,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

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.