Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 16.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 99,975 shares of the transportation company’s stock after buying an additional 13,867 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Grupo Aeroportuario del Sureste were worth $23,513,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Grupo Aeroportuario del Sureste by 42.1% during the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 125 shares during the period. Parvin Asset Management LLC bought a new position in Grupo Aeroportuario del Sureste in the 1st quarter worth about $220,000. Alamar Capital Management LLC bought a new position in Grupo Aeroportuario del Sureste in the 1st quarter worth about $235,000. PNC Financial Services Group Inc. increased its stake in shares of Grupo Aeroportuario del Sureste by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 39 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of Grupo Aeroportuario del Sureste by 14.9% in the first quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 131 shares during the period. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Stock Performance

ASR opened at $248.47 on Friday. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $226.19 and a 1-year high of $381.52. The business has a 50 day moving average price of $247.59 and a two-hundred day moving average price of $281.22.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a net margin of 25.10% and a return on equity of 20.94%. The firm had revenue of $576.34 million for the quarter, compared to the consensus estimate of $527.02 million. Research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASR has been the topic of several analyst reports. Weiss Ratings cut Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price on the stock in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $324.50.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE:ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.