Grupo Aeroportuario del Sureste (NYSE:ASR) Sets New 52-Week Low – Time to Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) hit a new 52-week low during trading on Thursday . The company traded as low as $275.00 and last traded at $275.3880, with a volume of 29236 shares changing hands. The stock had previously closed at $278.13.

Analyst Upgrades and Downgrades

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

Grupo Aeroportuario del Sureste Trading Down 1.0%

The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.28 and a beta of 0.47. The company has a 50-day moving average price of $314.93 and a 200-day moving average price of $326.75. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54.

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

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were issued a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is 110.33%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Grupo Aeroportuario del Sureste during the fourth quarter worth $35,000. State of Wyoming bought a new stake in Grupo Aeroportuario del Sureste in the 3rd quarter valued at $46,000. Atlas Capital Advisors Inc. bought a new stake in Grupo Aeroportuario del Sureste in the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd 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. Institutional investors and hedge funds own 10.57% of the company’s stock.

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.