Grupo Aeroportuario del Sureste (NYSE:ASR) Sets New 52-Week Low – What’s Next?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $258.51 and last traded at $258.8610, with a volume of 9347 shares trading hands. The stock had previously closed at $263.00.

Wall Street Analysts Forecast Growth

ASR has been the subject of several recent research reports. Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price for the company in a report on Thursday, July 30th. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research 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 assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Trading Down 0.0%

The business has a 50-day moving average price of $284.87 and a two-hundred day moving average price of $314.35. The company has a market cap of $7.79 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.71 and a beta of 0.48. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The business had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. On average, analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Grupo Aeroportuario del Sureste during the 4th quarter worth $35,000. Atlas Capital Advisors Inc. bought a new position in Grupo Aeroportuario del Sureste in the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC increased its position in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after acquiring an additional 138 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of 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 acquiring an additional 50 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Grupo Aeroportuario del Sureste by 63.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock worth $105,000 after acquiring 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.