Renaissance Technologies LLC Has $16.96 Million Stock Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Renaissance Technologies LLC lowered its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,462 shares of the transportation company’s stock after selling 2,240 shares during the period. Renaissance Technologies LLC’s holdings in Grupo Aeroportuario del Sureste were worth $16,962,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ASR. Royal Bank of Canada lifted its holdings in shares of Grupo Aeroportuario del Sureste by 6.3% in the 1st quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock worth $1,083,000 after purchasing an additional 235 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 in the last quarter. Marshall Wace LLP increased its stake in Grupo Aeroportuario del Sureste by 119.2% during the 2nd quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock valued at $4,658,000 after purchasing an additional 7,945 shares in the last quarter. Jump Financial LLC acquired a new position in Grupo Aeroportuario del Sureste during the second quarter worth $1,432,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Grupo Aeroportuario del Sureste by 1.2% in the second quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock valued at $16,084,000 after buying an additional 584 shares in the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR opened at $276.60 on Friday. 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 company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.72 and a beta of 0.46. The stock has a 50 day moving average of $291.60 and a 200 day moving average of $320.42. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12 month low of $259.01 and a 12 month high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%.The business had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. As a group, sell-side analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and an average price target of $324.50.

Grupo Aeroportuario del Sureste Profile

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.