Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,754 shares of the transportation company’s stock after selling 4,158 shares during the period. William Blair Investment Management LLC’s holdings in Grupo Aeroportuario del Sureste were worth $12,533,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new position in Grupo Aeroportuario del Sureste during the 3rd quarter worth $33,173,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Grupo Aeroportuario del Sureste by 9.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 87,258 shares of the transportation company’s stock valued at $28,219,000 after purchasing an additional 7,504 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Grupo Aeroportuario del Sureste by 0.5% during the third quarter. Russell Investments Group Ltd. now owns 76,267 shares of the transportation company’s stock worth $24,659,000 after purchasing an additional 369 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Grupo Aeroportuario del Sureste by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 60,363 shares of the transportation company’s stock worth $19,521,000 after purchasing an additional 4,875 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Grupo Aeroportuario del Sureste by 8.8% in the third quarter. Qube Research & Technologies Ltd now owns 54,889 shares of the transportation company’s stock worth $17,747,000 after purchasing an additional 4,448 shares in the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Grupo Aeroportuario del Sureste Trading Up 0.3%

Grupo Aeroportuario del Sureste stock opened at $302.61 on Tuesday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1 year low of $292.35 and a 1 year high of $381.52. The firm’s 50-day moving average is $322.64 and its 200-day moving average is $327.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.01 and a current ratio of 3.03. The company has a market cap of $9.08 billion, a P/E ratio of 16.80, a PEG ratio of 3.44 and a beta of 0.49.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share 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 22.93%. On average, equities analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 21.09 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $5.7572 per share. The ex-dividend date of this dividend is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 210.05%.

Grupo Aeroportuario del Sureste Company 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.